Which of the following is the BEST example of a private good?
A) Air traffic control
B) A house
C) A bridge during rush hour
D) Fish in the ocean

Question

Quizplus · Accepted Answer

A house is the best example of a private good because it is both excludable (only the owner or those the owner allows can use it) and rivalrous (one person's use of the house diminishes the ability of another to use it at the same time).

Which of the Following Is the BEST Example of a Private