A public good is a good that
A) is excludable.
B) is rival.
C) is free.
D) is available regardless of willingness to pay.

Question

Quizplus · Accepted Answer

A public good is a good that is non-excludable and non-rivalrous, meaning that it is available to all individuals regardless of their willingness to pay and consumption by one individual does not diminish the availability of the good to others. Therefore, the only option that accurately describes a public good is D - it is available regardless of willingness to pay.

A Public Good Is a Good That