Which of the following is a list of private goods only?
A) a watermelon, toll highways, a private beach, a chair
B) a watermelon, cable Internet service, a private beach, a pencil, a chair
C) a watermelon, a chair, a pencil
D) online video games, a watermelon, a private beach, a pencil, a chair

Question

Quizplus · Accepted Answer

Private goods are those that are excludable and rivalrous in consumption. A watermelon, a chair, and a pencil are all examples of private goods as they can be owned and consumed by one person at a time and others can be excluded from consuming them. Toll highways and cable internet service are examples of quasi-public goods as they may be excludable but not rivalrous in consumption. A private beach could be considered a public good if it is open to the general public and not excludable, but if it is privately owned and access is restricted, it can be considered a private good. Online video games could be considered a private good if they require a purchase or subscription to access, but they may also have elements of a public good if they allow for multiplayer or social interactions.

Which of the Following Is a List of Private Goods