Public goods are
A) goods donated by their owner for public use.
B) goods that are available to an additional consumer at no cost.
C) goods that are not scarce.
D) goods that can only be produced by the government.

Question

Quizplus · Accepted Answer

Public goods are goods that are non-excludable, meaning that anyone can consume the good without preventing someone else from consuming it too, and non-rivalrous, meaning that one person's consumption of the good does not reduce the amount available for others to consume. Because these goods are available to an additional consumer at no cost, they are often provided by governments as it is difficult for private companies to profit from them.

Public Goods Are