Question:
The characteristics of pure public good is/are
The characteristics of pure public good is/are
Updated On: Feb 10, 2025
- rival in consumption
- excludable in consumption
- non-rival in consumption
- non-excludable in consumption
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The Correct Option is C, D
Solution and Explanation
Characteristics of a Pure Public Good
A pure public good is characterized by the following two main properties:
1. Non-Rival in Consumption
- This means that one personโs consumption of the good does not reduce its availability for others.
- Examples include national defense and public parks, where one person's enjoyment does not diminish availability for others.
2. Non-Excludable in Consumption
- No one can be excluded from using the good, regardless of whether they have paid for it or not.
- Examples include lighthouses and clean air, which benefit everyone and are practically impossible to restrict.
Analysis of the Given Options
Option (A): Rival in Consumption
- Incorrect. A pure public good is non-rival.
- Rival goods, such as food or clothing, are diminished when consumed by one person.
Option (B): Excludable in Consumption
- Incorrect. A pure public good is non-excludable.
- Excludable goods, such as a private gym membership, can prevent access to those who have not paid.
Option (C): Non-Rival in Consumption
- Correct. A pure public good is non-rival, meaning consumption by one person does not reduce availability for others.
Option (D): Non-Excludable in Consumption
- Correct. A pure public good is non-excludable, meaning no one can be prevented from accessing or benefiting from it.
Final Answer
The correct options are:
- (C) Non-Rival in Consumption
- (D) Non-Excludable in Consumption
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