Which example is considered a private good?
A)traffic lights
B)mountain bike trails in a national forest
C)a fast-food cheeseburger
D)cell phone service

Question

Quizplus · Accepted Answer

A private good is a product or service that can only be consumed by one person or a restricted group of people. A fast-food cheeseburger is an example because it can only be consumed by one person and is not easily shared with others.

Which Example Is Considered a Private Good