A Public Good Is a Good

question 22

Multiple Choice

A public good is a good:

• A)that is produced by a government agency.
• B)that, when it is consumed by one decision maker, affects other decision makers in a way not reflected in the market price.
• C)that, when it is consumed by one decision maker, does not reduce the quantity that may be consumed by other decision makers and to which all consumers have access.
• D)that is free.