Which of the following goods best fits the characteristics of a private good?
A) a professor giving a lecture in a large classroom
B) an ice-cream cone
C) fire protection
D) disease prevention
Correct Answer:
Verified
Q1: An example of a public good is:
A)a
Q2: Which of the following goods best fits
Q2: A(n)_ is nonexcludable and nonrival in consumption.
A)private
Q5: Television programs are nonrival because:
A)the supplier cannot
Q7: A private good is:
A)excludable and rival in
Q10: A(n)_ is excludable and rival in consumption.
A)private
Q10: Which of the following goods is most
Q11: An artificially scarce good is a good
Q13: A good is most likely to be
Q18: Whether or not they pay for them,
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