A good that everyone benefits from and from which no one can be excluded is a(n)
A)exported good.
B)free rider.
C)collective or public good.
D)commercial good.
E)benefit.

Question

Quizplus · Accepted Answer

A collective or public good is a good that benefits everyone in a society and cannot be exclusively owned or controlled by any one individual or group. Examples of collective goods include clean air, national defense, and public parks. However, because no one can be excluded from enjoying these goods, there is a risk of free riding, where individuals may choose to benefit from the good without contributing towards its provision or maintenance.

A Good That Everyone Benefits from and from Which No