Question

Which of the following is a characteristic of a public good

Answer 1

Which of the following is a characteristic of a public good?
Question 3 options:

You must pay each time you use it.

It is typically maintained for private use.

The cost to build it is the same, regardless of how many people use it.

You can apply for one if you plan to share it with the public.

Answer 2

The cost to build it is the same, regardless of how many people use it.
Public goods are non-excludable (cannot prevent people from benefiting from the good) and they are non-rival (one person's use of the good, does not reduce another person's use) The most common example is National Defense