Joe buys and eats a candy bar.Joe's candy bar is a ____________________.

Question

Quizplus · Accepted Answer

A candy bar is a private good, as it is both excludable (Joe can choose to not share it with others) and rivalrous (Joe consuming the candy bar means that someone else cannot). It is not a public good, which is non-excludable and non-rivalrous; nor is it a common good, which is rivalrous but non-excludable. It is also not a social good or club good, which have specific characteristics that do not apply to candy bars.

Joe Buys and Eats a Candy Bar