The correct statements are: a. The free-rider problem arises from pure public goods being non-rival b. A good that is available to all at no additional cost is said to be non-rival c. A pure public good must be non-excludable, but not all non-excludable goods are pure public goods d. A public good must be produced by the State

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A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want…

Q: Described in detail the main characteristics of public good .

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A: Public goods are those goods that are non-excludable in nature and non-rival in consumption.

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A: Some of the characteristics of public goods are explained below.

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A: Non-excludability means that no individual can be excluded from using the goods and non-rivalry…

Q: Provide three examples of public goods in your hometown. Explain how each is nonrival and…

A: A non-excludable and non-rivalrous public good is one that the government supplies.  Defence,…

Q: Which of the following is NOT one of the characteristics of a public good? A. It must be non-rival…

A: Public good: - goods that are both non-excludable and non-rival in nature are known as public goods.…

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A: Free-rider problem: The free rider issue is the weight on a common asset made by its utilization or…

Q: National defense is an example of a public good because a. it requires tax revenues to fund any…

A: National defense is a public good because it provide protection to everyone in the nation.

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A: The tragedy of commons is: Tendency to overconsume common resources. According to tragedy of…

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A: NOTE: Since you have asked multiple questions we will be answering only the first one, if you need…

Q: which of the following statements are correct? Select one or more: a. A good that is available to…

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A: Option A is right answer Public goods

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Q: Describe any two policies we can use to address market failure due to commons or public goods.

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…