Question

What is a public good? (1 point)
O
A public good is a product or service that one consumer can prevent another consumer from using, and is not
accessible without payment.
A public good is a product or service that one consumer cannot prevent another consumer from using, and is
not accessible without payment.
A public good is a product or service that one consumer cannot prevent another consumer from using, and is
accessible without payment.
A public good is a product or service that one consumer can prevent another consumer from using, and is
accessible without payment

Answer 1

A public good is a product or service that one consumer cannot prevent another consumer from using, and is accessible without payment.

Answer 2

A public good is a product or service that one consumer cannot prevent another consumer from using, and is accessible without payment.

What is a public good?

A public good are goods or service that the general public is permitted to use or the goods and service that is available and accessible to everyone.

A user of public good cannot stop or prevent others from accessing them as everyone one have the permission to use them.

Example of public good is road and streetlight reason being that everyone have the access to use them.

Inconclusion a public good is a product or service that one consumer cannot prevent another consumer from using, and is accessible without payment.

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