A public good is:

Question

A public good is:

Quizplus · Accepted Answer

A public good is a good that is non-excludable and non-rivalrous, meaning that it is difficult to exclude anyone from consuming the good and that the consumption of the good by one individual does not reduce the availability of the good for others. This creates the free-rider dilemma, where individuals have an incentive to consume the good without contributing to its production or maintenance. Public goods can be provided by the government or by private actors, but they are not priced in the market like private goods because of their non-excludability and non-rivalry. Public goods are not only consumed by the purchaser, but by anyone who benefits from them.

A Public Good Is