Public Goods - ECON

What does non-rival mean?

• More than one person can use it

• Only one person can use it

• There are direct competitors for a product

• None of the above

Excludable means:

• Someone can deny access to a good

• Everyone is able to access a good

• Multiple people can use something at the same time

• Only one person can use something at one time

Public goods are

• rival and excludable

• non-rival and non-excludable

• rival and non-excludable

• non-rival and excludable

Which of these are not an example of a public good?

• lighthouses

• owning Nike stock

• going to a private university

• fire department service

True or False: Radio is a private good.

• True

• False

Please provide an example of a public good and explain why.