Answer:
The answer is C) Their costs are borne collectively and no one can be excluded from their benefits.
Explanation:
Public goods differ from classical market goods in several ways. First, you can not exclude a person from provision even if that individual doesn't pay for the good. For example, you can enjoy of public lightning in the streets even if you do not pay taxes. There is no practical way of excluding you from this service. In private good, if you do not pay you are excluded. If you cannot pay a car you can not enjoy its use. However the cost to be able to give public goods must be incurred by everyone. I cannot charge you for the amount of light in specific street or time. So everyone pays taxes, no particular individuals, and with that money the government provides public lighting, i not a waste of money.
The features of the public goods are that Their costs are borne collectively and no one can be excluded from their benefits.
A public good is defined as a good that includes both the non-excludable and non-rivalrous. Here, users cannot be excluded from using them for neglecting to pay for them.
Also, usage by one person neither prevents the right of other people nor does it cut down convenience to others.
Public goods protest from neoclassical market goods in respective ways. First, a person can not expect another from provision, even if that individual doesn't pay for the good.
For example, a person savor of public lightning in the streets even if do not pay taxes. There is no practical way of excluding you from this service. However, the cost to be capable to give public goods must be incurred by everyone.
Therefore, option C is correct.
Learn more about the public goods, refer to:
https://brainly.com/question/25498461
