If a good is characterized by high excludability but many ma

If a good is characterized by high excludability but many may concurrently use it without reducing the amount available for others, the good is a:

a. common property resource.

b. public good.

c. toll good.

d. private good.

Solution

Answer - B Public Good

A resource which highly excludable, however the same is used without reducing the same, it is possible when the good or service is public.