Public goods are commodities that, once consumed, reduce the opportunity for consumption by others.

Name: Public goods are commodities that, once consumed, reduce the opportunity for consumption by others.
Brand: Quizplus
Rating: 4.9 (46 reviews)

Question

Quizplus · Accepted Answer

Public goods are commodities that are non-excludable and non-rivalrous, meaning that once they are provided, they can be consumed by everyone without reducing the opportunity for consumption by others. Examples of public goods include national defense, street lighting, and public parks.

Public Goods Are Commodities That, Once Consumed, Reduce the Opportunity