Which of the following are characteristics of public goods?
A)Non - rivalry.
B)Non - chivalrous.
C)Non - exclusionary.
D)Non - rivalry and Non - exclusionary.

Question

Quizplus · Accepted Answer

Public goods are non-rivalrous, meaning that one person's consumption of the good does not reduce the availability of the good for others to consume. Additionally, public goods are non-exclusionary, meaning that individuals cannot be prevented from consuming the good, even if they do not pay for it. Therefore, both options (D) best describe public goods. Non-chivalrous is not a relevant characteristic of public goods.

Which of the Following Are Characteristics of Public Goods