Public goods can be

Question

Public goods can be

Quizplus · Accepted Answer

Public goods are goods or services that are non-excludable and non-rivalrous, meaning that once they are provided, everyone can benefit from them and one person's enjoyment does not diminish another's. However, due to the difficulty in excluding people from using them, they are often provided publicly through government or other collective action. This can lead to free-rider problems, where individuals can benefit from the public good without contributing to its provision. However, private provision of public goods is possible in some cases, such as private parks or museums that charge admission fees.

Public Goods Can Be