What are the two essential characteristics of public goods? Choose the two characteristics that apply. A. Individuals pay for public goods as they are used. B. Some people receive greater opportunities to use public goods. C. Public goods can be used by more and more people at no additional opportunity cost and without depriving others of any of the goods or services. D. Collection systems are difficult to institute for public goods because of how people use them.

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Q: Public Good

A: A public good is a good which is both non-excludable as well as non-rivalrous in nature.

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Q: Econ 2200W                         Homework #1 (Ch 5 & 6)…

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Q: What are public goods ? State few examples of public goods.

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Q: How are public goods different from private goods?

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