The distinguishing characteristic of a public good is
A) noncompetitive production.
B) durability.
C) exclusivity.
D) nonrival consumption.

Question

Quizplus · Accepted Answer

The distinguishing characteristic of a public good is nonrival consumption, meaning one person's consumption of the good does not limit the amount available for others to consume. This is in contrast to private goods, which are rivalrous in consumption. Noncompetitive production, durability, and exclusivity are not defining characteristics of public goods.

The Distinguishing Characteristic of a Public Good Is