An example of a private good would be
A) a local fire department.
B) a pair of pants.
C) a streetlight.
D) a national park.

Question

Quizplus · Accepted Answer

A private good is a product or service that is both excludable and rivalrous, meaning that only those who pay for it can access it and using it reduces the amount available for others. A pair of pants fits this description as it can be purchased and worn by only one person, and wearing it reduces its availability for others.

An Example of a Private Good Would Be