A public good
A) Is a good that is nonrival
B) Is a good that is nonexcludable
C) Is often provided by the government
D) All of these

Question

Quizplus · Accepted Answer

A public good is a type of good that is nonrival, meaning that its consumption by one individual does not reduce the quantity available for consumption by others, and nonexcludable, meaning that it is impossible or very costly to exclude people from using it. Public goods are often provided by the government because their nonexcludable nature makes it difficult for private markets to provide them efficiently.

A Public Good