A good that is nonrival but exclusive is called
A)a private good
B)a public good
C)a quasi-private good
D)an external good
E)a normal good

Question

Quizplus · Accepted Answer

A nonrival good is one whose consumption by one person does not diminish its availability for consumption by others. An exclusive good is one that can be restricted to certain people for consumption. A quasi-private good (also known as a club good) is a good that has the characteristics of being nonrival and exclusive, and is often provided by a private organization or club. Examples include private parks, tennis courts, and cable TV. Private goods are also rival and exclusive, while public goods are nonrival and nonexclusive. External goods and normal goods are not relevant to this concept.

A Good That Is Nonrival but Exclusive Is Called