A public good is described, in part, as a good
A)that is essential to life.
B)that may be depleted if demand is heavy.
C)that has a marginal cost at or near zero.
D)which has all of these characteristics.

Question

Quizplus · Accepted Answer

Public goods are characterized by non-excludability and non-rivalry, meaning they can be consumed by anyone without diminishing their availability to others. A marginal cost at or near zero fits this description, as additional consumption does not significantly increase production costs.

A Public Good Is Described, in Part, as a Good