Question

A public good is a good whose benefits are:

a. diminished as it is consumed and whose benefits cannot be withheld from anyone.
b. not diminished as it is consumed and whose benefits cannot be withheld from anyone.
c. not diminished as it is consumed and whose benefits can be withheld from anyone.
d. concentrated among a select few.
e. Enjoyed by everyone in society.

Answer 1

The correct answer is letter "B" and "E": not diminished as it is consumed and whose benefits cannot be withheld from anyone; Enjoyed by everyone in society.

Step-by-step explanation:

A Public Good is an object that society decides consumption, not individual consumers. Examples include economic statistics, law enforcement, national defense, parks, sewer systems, and some radio and television broadcasts. Public goods are typically tax-funded to the benefit of all.

Public goods are those whose use does not limit access to others either can be possessed by one person only.