A private good is:
A)excludable and rival in consumption.
B)nonexcludable and nonrival in consumption.
C)excludable and nonrival in consumption.
D)nonexcludable and rival in consumption.

Question

Quizplus · Accepted Answer

A private good is excludable because the producer can easily prevent people who do not pay for the good from using it, and it is rival in consumption because only one person can consume the good at a time.

A Private Good Is