There can be an efficient amount of a public good provided in the private market if producers can
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Public goods are non-excludable and non-rivalrous, meaning that no one can be excluded from using them, and one person's use does not diminish the availability for others. Examples include street lighting, public parks, and national defense. Show more…
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Taha T.
A public good Multiple Choice a. cannot be provided to one person without making it available to others as well. b. generally results in substantial negative externalities. c. costs essentially nothing to produce and is thus provided by the government at a zero price. d. can never be provided by a nongovernmental organization.
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