Which of the following displays these two characteristics: non-rivalry and non-excludability in consumption?
A)Public goods
B)Private goods
C)Quasi-public goods
D)Common resources

Question

Quizplus · Accepted Answer

Public goods are characterized by non-rivalry and non-excludability in consumption. Non-rivalry means that consumption by one individual does not diminish the availability of the good for others. Non-excludability means that individuals cannot be easily prevented from consuming the good, even if they do not pay for it. Examples of public goods include national defense, lighthouses, and public parks.

Which of the Following Displays These Two Characteristics: Non-Rivalry and Non-Excludability