Which of the following would be considered a private good?
A) national defense
B) a public beach
C) local cable television service
D) a bottle of natural mineral water

Question

Quizplus · Accepted Answer

A bottle of natural mineral water is a tangible item that is consumed by an individual or a limited group of individuals, and its consumption by one person depletes its availability for others, making it a prime example of a private good. In contrast, national defense is a public good that benefits an entire society and cannot be consumed by any one individual or group. A public beach is a common resource owned by the government and accessible to everyone in the community, making it a club good. Local cable television service is a quasi-public good that is restricted to those who subscribe and pay for the service, but its consumption is not wholly exclusive to a single individual or group.

Which of the Following Would Be Considered a Private Good