A public good can be consumed by
A) only one person, who has to pay for it.
B) everyone simultaneously, even if they do not pay for it.
C) everyone simultaneously, as long as they pay for it.
D) only one person, who does not have to pay for it.

Question

Quizplus · Accepted Answer

Public goods are characterized by their non-excludability and non-rivalrous consumption, meaning they can be consumed by everyone simultaneously without preventing others from consuming them, and this consumption does not reduce the amount available for others, even if some consumers do not pay for them.

A Public Good Can Be Consumed by