Which of the following is a characteristic of a private good:
A)free-rider problem
B)external benefits
C)external costs
D)excludability

Question

Quizplus · Accepted Answer

Excludability is a characteristic of private goods, meaning the supplier of the good can easily exclude non-payers or free-riders from consuming the good. External benefits and costs are characteristics of public goods, while the free-rider problem is a challenge associated with public goods as well as common resources.

Which of the Following Is a Characteristic of a Private