Which of the following is a defining characteristic of a public good?

ECONOMICS

Multiple Choice

Which of the following is a defining characteristic of a public good?

a.It is produced and distributed by the government.

b.
The decision to produce it is made by the public through the voting process.

c.It is produced and distributed by private firms according to government regulations.

d.It is freely available to everyone once it is produced.

e.It is purchased by one government agency from another government agency.

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