Which of the following is an example of a public good that is efficiently produced through economic markets?
A) national defense
B) public parks
C) cable television
D) Internet search engines

Question

Quizplus · Accepted Answer

Internet search engines like Google are an example of a public good that is efficiently produced through economic markets. They are non-excludable (once the search engine is created, it is difficult to prevent anyone from using it) and non-rivalrous (one person's use of the search engine does not diminish another person's use). Companies like Google provide search engines and earn revenue through advertising, which creates an incentive for them to continue producing the public good efficiently. National defense, public parks, and cable television are examples of public goods that are typically not efficiently produced through economic markets due to issues with free-riding and lack of incentives.

Which of the Following Is an Example of a Public