What are the two primary characteristics that distinguish public goods?
A)Exclusivity and rivalry
B)Government intervention and low prices
C)Market failure and high prices
D)Non-excludability and non-rivalry

Question

Quizplus · Accepted Answer

Public goods are characterized by non-excludability, meaning that it is difficult or impossible to prevent individuals from enjoying the benefits of the good, and non-rivalry, meaning that one person's consumption of the good does not diminish the ability of others to also consume it.

What Are the Two Primary Characteristics That Distinguish Public Goods