In deciding whether a good is a public good, one must determine the
A)incomes of those who benefit from the good.
B)value of the external benefits that accrue to resource owners.
C)excludability of the good.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

The defining characteristic of a public good is its non-excludability, meaning that it cannot be withheld from individuals who do not pay for it. The other options are not relevant to determining whether a good is a public good.

In Deciding Whether a Good Is a Public Good, One