Which of the following is true of public goods?
A)Consumption by one individual reduces the availability of the goods for others.
B)It is extremely difficult to limit the benefits to just the people who pay for them.
C)They are free whenever the government produces them.
D)From an efficiency standpoint, a market economy will generally supply too much of them.
E)Only tax-paying people can enjoy the benefits of these goods.

Question

Quizplus · Accepted Answer

One defining characteristic of public goods is that they are difficult to exclude people from once they have been provided, making it difficult to limit the benefits to only those who contributed to their production.

Which of the Following Is True of Public Goods