Which of the following goods is the best example of a public good?
A)Garbage-collection services that are provided by a municipal government.
B)Music that is broadcast over the airwaves by a privately-owned FM radio station.
C)Electricity that is provided to farmhouses by a rural electric cooperative.
D)Cable TV services that are provided by a privately-owned firm that is regulated by the government of the city in which it operates.

Question

Quizplus · Accepted Answer

Public goods are characterized by their non-excludability and non-rivalrous consumption. Music broadcast over the airwaves by a privately-owned FM radio station fits these criteria because it is difficult to exclude individuals from listening to the broadcast, and one person's consumption of the broadcast does not diminish the ability of others to listen as well.

Which of the Following Goods Is the Best Example of a Public