If no one can be excluded from consuming its benefits and there is no rivalry in consumption, then the good is a ________ good.
A) private
B) Pareto
C) public
D) free

Question

Quizplus · Accepted Answer

Public goods are characterized by non-excludability and non-rivalry in consumption, meaning that no one can be prevented from using them and one person's use does not reduce availability for others.

If No One Can Be Excluded from Consuming Its Benefits