A public good:
A) Generally results in substantial negative externalities
B) Can never be provided by a nongovernmental organization
C) Costs essentially nothing to produce and is thus provided by the government at a zero price
D) Can't be provided to one person without making it available to others as well

Question

Quizplus · Accepted Answer

A public good is a good or service that can't be provided to one person without making it available to others as well. It is non-excludable, meaning that individuals cannot be prevented from using or benefiting from it. This leads to the free-rider problem, where individuals may want to benefit from the good without paying for it. Examples of public goods include clean air and national defense.

A Public Good