A public good is a product or service that one consumer cannot prevent another consumer from using, and is accessible without payment. This definition highlights two key characteristics of public goods: they are non-excludable (it is not possible to prevent someone from using them) and non-rivalrous (one person's use does not reduce availability for others).
What is a public good?(1 point)
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A public good is a product or service that one consumer can prevent another consumer from using, and is accessible without payment.
A public good is a product or service that one consumer can prevent another consumer from using, and is accessible without payment.
A public good is a product or service that one consumer can prevent another consumer from using, and is not accessible without payment.
A public good is a product or service that one consumer can prevent another consumer from using, and is not accessible without payment.
A public good is a product or service that one consumer cannot prevent another consumer from using, and is accessible without payment.
A public good is a product or service that one consumer cannot prevent another consumer from using, and is accessible without payment.
A public good is a product or service that one consumer cannot prevent another consumer from using, and is not accessible without payment.
1 answer
1 answer