One characteristic of a public good is that it
A)can be easily subdivided into small units.
B)can be consumed by many individuals at the same time.
C)always eliminates the free-rider problem.
D)is available for consumption by only a few individuals at any particular time.

Question

Quizplus · Accepted Answer

One of the key characteristics of a public good is that it can be consumed by many individuals at the same time, without diminishing its availability to others. This is known as non-excludability. Public goods also typically have a non-rivalrous consumption, meaning that one person's consumption does not reduce the amount available for others. However, public goods do not necessarily eliminate the free-rider problem, as some individuals may be able to benefit from the good without contributing to its provision.

One Characteristic of a Public Good Is That It