What is a public good?
A)A good that is nonexcludable but rival in consumption.
B)A cost or benefit for stakeholders other than the actor undertaking an action.
C)An effect created by the interaction between two states.
D)A good that is nonexcludable and nonrival in consumption.

Question

Quizplus · Accepted Answer

A public good is a type of good that is nonexcludable, meaning it cannot be restricted from being used by individuals, and nonrival, meaning consumption by one individual does not diminish its availability to others. Examples of public goods include street lighting, national defense, and air quality.

What Is a Public Good