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Non-Excludability - Meaning that no one can be excluded from it's usage.

Non-Rivalry - One's person consumption of said good won't prevent another's consumption of it.

Then there's a quasi-public good that have some characteristics but not all of a public good e.g. National Health Service: there's a limited amount of staffing and drugs so there is some rivalry.

It's disputable whether there really is such thing as a real public good since resources are limited and a person probably could be excluded from it's usage in the right circumstances.

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Breanne Watsica

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3y ago

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