What are public goods?
A) those that are consumed by the private group that funds them
B) those that are consumed by the paying and nonpaying public alike
C) those that are consumed only by those who have paid for them
D) those that are consumed only by the government that provides them

Question

Quizplus · Accepted Answer

Public goods are those that are non-excludable, meaning that once they are provided, it is difficult to exclude people from using them, and non-rivalrous, meaning that one person's use of the good does not diminish another person's use. Therefore, public goods are typically consumed by both paying and nonpaying members of the public alike.

What Are Public Goods