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Which of the following is a characteristic of a public good? Select one: a. You must pay each time you use it. b. It is typically maintained for private use. c. The cost to build it is the same, regardless of how many people use it. d. You can apply for one if you plan to share it with the public.
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Non-Excludability - Meaning that no one can be excluded from it's usage. Non-Rivalry - One's person consumption of said good won't prevent another's consumption of it.
YOU DIDNT ANSWER THE QUESTION
Not b
. A public good is a good that benefits everyone in the society.
It cannot be held from those whom can't pay for it.
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I think d is correct
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