Which of the following are examples of public goods?

Question

Edzy · Accepted Answer

Public goods are characterized by being non-excludable and non-rivalrous, meaning they can be used by anyone without preventing others from using them, and one person's use does not diminish another's. In the given options, a lighthouse, national defense, and a public park are examples of public goods. A lighthouse provides a signal to all ships without excluding others or reducing its availability, national defense protects all citizens without limiting the protection of others, and a public park is generally open for everyone to enjoy. In contrast, a laptop and a restaurant meal are not public goods because they are excludable (only those who pay can use them) and rivalrous (their use by one person prevents use by another).

Which of the following are examples of public goods?

Which of the following are examples of public goods?

Students who asked this also explored