Question

Select the best definition of a public good.

a. a good that is excludable and rival in consumption
b. a good that is nonexcludable and rival in consumption
c. a good that is paid for by public funds
d. a good that is excludable and nonrival in consumption
e. a good that is nonexcludable and nonrival in consumption

Answer 1

The correct answer is E. good that is nonexcludable and nonrival in consumption

Step-by-step explanation:

public good is a good that is nonexcludable and nonrival in consumption