Which of the following is an example of a private good?

Question

Quizplus · Accepted Answer

A private good is a good that is both excludable and rival in consumption, meaning that access to it can be restricted and one person's consumption of it affects others' ability to consume it. Computers are an example of a private good because they can be owned and restricted to certain individuals, and their use by one person may limit another's ability to use them at the same time. Clean air, water, and police departments are not private goods because they are not excludable or rival in consumption. Television programs may be excludable (through paid subscriptions) but they are not rival in consumption as one person's viewing of a program does not affect another's ability to view it.

Which of the Following Is an Example of a Private