The difference between private goods and common resources is that common resources are:
A) more valuable than private goods.
B) excludable, and private goods are nonexcludable.
C) nonexcludable, and private goods are excludable.
D) nonrival.

Question

Quizplus · Accepted Answer

Private goods are excludable, meaning that access to them can be restricted. Common resources, on the other hand, are nonexcludable, meaning that it's difficult to exclude people from using them. Examples of common resources include clean air and water, fisheries, and public parks.

The Difference Between Private Goods and Common Resources Is That