________ goods are rival in consumption and their benefits are excludable.
A) Private
B) Public
C) All
D) Social

Name: ________ goods are rival in consumption and their benefits are excludable. A) Private B) Public C) All D) Social
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Question

Quizplus · Accepted Answer

Private goods are rival in consumption, meaning that one person's consumption of the good reduces the amount available for others, and their benefits are excludable, meaning that it is possible to prevent people who have not paid for the good from consuming it.

________ Goods Are Rival in Consumption and Their Benefits Are