Public goods face the
A) principle of rival consumption.
B) free-rider problem.
C) law of overproduction.
D) exclusion principle.

Question

Quizplus · Accepted Answer

Public goods are non-excludable and non-rivalrous in consumption, which means that one person's use of the good does not interfere with another's use and it is difficult to exclude someone from using it. This leads to the free-rider problem, where people have an incentive to not pay for the good since they can still benefit from it without contributing.

Public Goods Face the