A quasi-public good is: A. a public good that is produced profitably by private firms, without government subsidy. B. one characterized by nonrivalry and nonexcludability.

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Business

Bryant Hansen

25 January, 21:02

A quasi-public good is: A. a public good that is produced profitably by private firms, without government subsidy. B. one characterized by nonrivalry and nonexcludability.

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Answers (1)

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Gillian Rios · Answer 1

B. one characterized by nonrivalry and nonexcludability.

Explanation:

Quasi-Public good is considered as the goods which characterized by the both private and public goods e. g Roads, bridges etc. These goods have incompetent market and it lacks the existence of free market. These goods are non-rivalry and non-excludability. So option B is the appropriate answer for this question.