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Public Goods : Goods that are nonexcludable and nonrival. It is impossible to prevent non-payers from benefiting from the good (nonexcludable), and the cost of

Public Goods: Goods that are nonexcludable and nonrival. It is impossible to prevent non-payers from benefiting from the good (nonexcludable), and the cost of providing the good for one additional consumer is zero (nonrival). This is from the video “Public Goods and Asteroid Defense” in the Principles of Microeconomics course.

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