Asked by Meena Roshnaye on Jun 22, 2024

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A characteristic of public goods is that:

A) people pay for them in proportion to the benefits received.
B) the costs of producing them are less than if they were private goods.
C) their benefits cannot be withheld from anyone,regardless of whether a person pays for them.
D) they are produced only by the private sector,not by the public sector.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they are available for everyone to use without preventing others from using them as well.

Withheld

The act of holding back or keeping something from happening or being known.

Pays

A term that likely refers to the act of giving money in exchange for goods, services, or to fulfill obligations, but without additional context, it's too generic to define specifically.

  • Understand the principles of non-excludability and non-rivalry as essential attributes of public goods.
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PF
Parker FitnessJun 27, 2024
Final Answer :
C
Explanation :
Public goods have the characteristic that their benefits cannot be withheld from anyone, regardless of whether a person pays for them. This is known as non-exclusivity, meaning that everyone can benefit from the good or service without being excluded. Examples of public goods include national defense, street lighting and fireworks displays.