A distinguishing feature of a public good is that it
A) is not possible to exclude people who don't pay for the public good.
B) is possible to exclude people who pay for the public good.
C) may have external costs.
D) is provided by the government.

Question

Quizplus · Accepted Answer

A public good is defined as a good that is non-excludable, meaning that once it is produced, it is impossible to exclude individuals from consuming it. This is because consumption by one individual does not reduce the amount available for others, and it is difficult to charge people for the good without excluding some from access. Examples of public goods include clean air and national defense.

A Distinguishing Feature of a Public Good Is That It