question archive A public good is A
A public good is A
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A public good is
A. a good deed done by someone who refuses payment.
B. something produced and sold by the government, for example, electricity provided by a government authority.
C. something whose consumption by one person does not prevent its consumption by other people.
D. something that is good for a country, but not necessarily for private individuals
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The correct answer is C. something whose consumption by one person does not prevent its consumption by other people.
All public goods have the property of being non-excludable. This means that such a good can be consumed by everyone and no one can be stopped from consuming such a good. For example, the benefits of a street light can be enjoyed by everyone and no one can be stopped from using it.
