Which of the following is an example of a private good?
A)traffic lights
B)mountain bike trails in a national forest
C)a fast-food cheeseburger
D)cell phone service

Question

Quizplus · Accepted Answer

A private good is a good that is both excludable and rivalrous. A fast-food cheeseburger is a good that can be excluded from someone who hasn't paid for it, and it is rivalrous because once it is consumed, it cannot be consumed again by someone else. Traffic lights and mountain bike trails are not excludable, and cell phone service is not rivalrous.

Which of the Following Is an Example of a Private