Which of the following is not a characteristic of a public good?
A) It is scarce.
B) It is not diminished in amount as additional people consume the product.
C) Its benefits cannot be withheld from anyone.
D) It is free.

Question

Quizplus · Accepted Answer

Public goods are non-excludable, which means their benefits cannot be withheld from anyone. However, they are not necessarily free. Public goods can be provided by the government but are typically paid for through taxes or other means of funding.

Which of the Following Is Not a Characteristic of a Public