A public good is one that is generally available for consumption by the public;that is,a person does not have to be a member of a special group or a club to be able to consume it.A good example would be milk for sale in a grocery store that is open to the public.

Question

Quizplus · Accepted Answer

A public good is non-excludable and non-rivalrous, meaning people cannot be prevented from using it and one person's use does not reduce its availability to others. Milk for sale in a grocery store is excludable and rivalrous, making it a private good, not a public good.

A Public Good Is One That Is Generally Available for Consumption