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A good example of a public good is: A. lollipop B. program for central park C....

A good example of a public good is:

A. lollipop

B. program for central park

C. booked used to increase knowledge of econ

D. grocery store

business   economics   
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Answer #1

Since Public good is non-rival in consumption and non-excludable in consumption, therefore it is provided only through by the government and it cannot be provided by the private market because they cannot cover cost of provision of public good. This is because it is not possible to exclude people from consumption of public good.

Hence a good example of a public good is a program for central park.

This is because attending a programme is non-rival in consumption and non-exclusion in nature.

Hence option B is the correct answer.

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