All of the following are characteristics of public goods EXCEPT
A) Public goods can be used by more people at no additional cost.
B) The good can be consumed by everyone at the same time without reducing what is available for anyone else.
C) The exclusion principle.
D) The goods are perfectly divisible.

Question

Quizplus · Accepted Answer

Public goods are non-rival and non-excludable, meaning that they can be used by multiple people without reducing the amount available and it is difficult to prevent someone from benefiting from the good. The exclusion principle is not a characteristic of public goods, but rather a feature of private goods where individuals can be excluded from consuming the good. The goods are also not necessarily perfectly divisible, as some public goods like parks or streetlights may not be easily divisible into smaller units.

All of the Following Are Characteristics of Public Goods EXCEPT