Which of the following would most likely be recognized as a defining characteristic of a public good?
A. the good is nonrivalrous item
B. the good is nonexcludable item
C. the good is both a and b above
D. the good is a separate and identifiable item
Answer:C
Which of the following would most likely be recognized as a defining characteristic of a public good?
A. the good is nonrivalrous item B. the good is nonexcludable item C. the good is both a and b above D. the good is a separate and identifiable item
Explanation: Type: Multiple Choice