Define Public Goods. Elaborate the features of a public good. Show the efficient provision of a public good as per the Lindahl’s equilibrium model.

Public goods are goods or services that are non-excludable and non-rivalrous. This means that once they are provided, it is difficult or impossible to prevent anyone from using them, and one person's consumption of the good does not reduce the amount available for others.

The features of a public good are:

1. Non-Excludable: It is not possible to exclude individuals who did not pay for the good from consuming it.

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