Which of the following is true concerning a public good?
A)It is both non-rival and non-excludable.
B)It is non-rival but not necessarily non-excludable.
C)It is non-excludable but not necessarily non-rival.
D)It is neither non-rival nor non-excludable.

Question

Quizplus · Accepted Answer

A public good is a type of good that is non-rival (meaning consumption by one person does not diminish the availability for others) and non-excludable (meaning it is difficult or impossible to prevent people from accessing it). This distinguishes it from a private good, which is both rival and excludable.

Which of the Following Is True Concerning a Public Good