A nonexclusive good is a good that
A) is sold in various markets.
B) is impossible to keep people from enjoying the benefits the good provides.
C) is produced by a perfectly competitive firm.
D) is produced at the lowest possible cost.

Question

Quizplus · Accepted Answer

A nonexclusive good is a good that cannot be excluded from people who do not pay for it. This means that anyone can enjoy the benefits of the good without contributing to the cost of producing it. Examples of nonexclusive goods include public parks and clean air.

A Nonexclusive Good Is a Good That