Which of the following is not a characteristic of a public good?
A)It is not excludable.
B)It is not diminished or depreciated as additional people consume the good.
C)Its benefits cannot be withheld from anyone.
D)Because it is a free good, there is no opportunity cost.

Question

Quizplus · Accepted Answer

Public goods are characterized by being non-excludable and non-rivalrous, meaning they cannot be withheld from people and their consumption by one person does not reduce availability to others. However, claiming there is no opportunity cost is incorrect because resources used to provide a public good could have been used elsewhere, indicating an opportunity cost.

Which of the Following Is Not a Characteristic of a Public