Which of the following is a key feature of a public good?
A)The good is rival in its consumption, but a consumer cannot be excluded from the good.
B)The good is non-rival in its consumption and a consumer cannot be excluded from the good.
C)The good is non-rival in its consumption, but a consumer can be excluded from the good.
D)The good is rival in its consumption and a consumer can be excluded from the good.

Question

Quizplus · Accepted Answer

A public good is non-rival in consumption, meaning that one person's use of the good does not diminish its availability to others, and non-excludable, meaning that it is difficult or impossible to prevent someone from using the good. This is why public goods are often provided by the government or other public agencies, as private companies have no incentive to provide goods that they cannot charge for or limit access to. Choice B correctly describes a public good as non-rival in consumption and non-excludable. A public good is a good that is non-rival in consumption, meaning one person's consumption does not reduce the amount available to others, and non-excludable, meaning individuals cannot be prevented from consuming the good.

Which of the Following Is a Key Feature of a Public