Asked by
Elizabeth Maria
on Oct 24, 2024
Verified
Which of the following is NOT a public good?
A) Public fireworks display
B) National defense
C) Books in a public library
D) Clean air
Public Good
Nonexclusive and nonrival good; the marginal cost of provision to an additional consumer is zero and people cannot be excluded from consuming it.
- Explain the differences between public goods and common property resources, focusing on their distinct qualities and the obstacles to provisioning.
- Segregate goods into rival and nonrival, and exclusive and nonexclusive categories, providing examples to exemplify each distinction.
Verified Answer
MC
Learning Objectives
- Explain the differences between public goods and common property resources, focusing on their distinct qualities and the obstacles to provisioning.
- Segregate goods into rival and nonrival, and exclusive and nonexclusive categories, providing examples to exemplify each distinction.