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2. Is a lighthouse a public good if it benefits many ship owners? What if it...

2. Is a lighthouse a public good if it benefits many ship owners? What if it primarily benefits ships going to a port nearby?
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Answer #1

A public good has two main characteristics they are non-rivalrous and they are not excludable. That means they can be used by many people at the same time and we can't exclude anyone from using it. A lighthouse fits both the criteria. Many ships can benefit from a lighthouse at the same time and no one can exclude anyone from using the lighthouse. So, it is a public good.

It doesn't matter if it benefits the ships going to a port nearby. The lighthouse is still doing its function of guiding ships in the sea and it is fulfilling both the criteria of a public good.

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