The BEST example of a private good is:
A)an automobile.
B)public education.
C)national defense.
D)law enforcement.

Question

Quizplus · Accepted Answer

A private good is a product or service that is both excludable and rivalrous. An automobile is excludable because it can be possessed and used exclusively by the owner, and it is rivalrous since the use of that car by one person limits the ability of other people to use it at the same time. Public education, national defense, and law enforcement are considered public goods since they are non-excludable and non-rivalrous, meaning that everyone can benefit from their provision and their consumption by one individual does not reduce their availability for others.

The BEST Example of a Private Good Is