A private good is a good or service for which exclusion is _____ and that is _____ in consumption.
A)possible;rival
B)possible;nonrival
C)not possible;rival
D)not possible;nonrival

Question

Quizplus · Accepted Answer

A private good is one that can be excluded from those who do not pay for it, making it possible to limit access to only those who have paid. It is also a rival good, meaning that consumption by one person reduces the amount available for others.

A Private Good Is a Good or Service for Which