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13 August, 08:24

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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  1. 13 August, 09:11
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    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.
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