Asked by Tiffani Duncan on Jul 26, 2024
Verified
A public good is available to all regardless of who pays for it and who does not.
Public Good
A Public Good is a commodity or service that is provided without profit to all members of a society, either by the government or a private individual or organization.
- Comprehend the significance of public goods, externalities, and the differentiation between private and public sector needs.
Verified Answer
RT
Ribaraoi TekieraAug 01, 2024
Final Answer :
True
Explanation :
This is the definition of a public good. It is non-excludable, meaning no one can be prevented from using it, and non-rivalrous, meaning its consumption by one person does not affect its availability to others.
Learning Objectives
- Comprehend the significance of public goods, externalities, and the differentiation between private and public sector needs.
Related questions
It Is Difficult to Exclude Individuals from the Use of ...
Externalities Can Occur as a Result of Either Production or ...
When Externalities Are Present,market Prices Do Not Reflect All the ...
A Positive Externality Is One in Which There Is an ...
One of the Most Important Characteristics of Information Is That ...