A public good is ?
Correct answer: A. neither rival nor excludable
- A. neither rival nor excludable
- B. rival but not excludable.
- C. both rival but excludable
- D. not rival but excludable
Explanation
A public good is both non-rival, so one person's use does not reduce another's, and non-excludable, so non-payers cannot easily be prevented from benefiting. National defense is a standard example.
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