An example of a private good would be
A) national defense.
B) a t-shirt.
C) a streetlight.
D) a river.

Question

Quizplus · Accepted Answer

A private good is a product or service that can be owned and consumed by an individual or group. A t-shirt is an example of a private good because it is a tangible item that can be owned and used by the person who purchased it. National defense, a streetlight, and a river are all examples of public goods, which are non-excludable and non-rivalrous in nature.

An Example of a Private Good Would Be