A public good:
A) is a good that is nonrival.
B) is a good that is excludable.
C) is any good provided by the government.
D) All of these are true about public goods.

Question

Quizplus · Accepted Answer

A public good is a good that is nonrival, meaning that consumption by one individual does not reduce the availability of the good for others. It is also typically non-excludable, meaning that individuals cannot be prevented from accessing the good. While some public goods may be provided by the government, this is not a defining characteristic of the term.

A Public Good