A private good is a good or service for which exclusion is _____ and which is _____ in consumption.
A) possible; rival
B) possible; nonrival
C) not possible; rival
D) not possible; nonrival
Correct Answer:
Verified
Q4: Television programs are nonrival because:
A)the supplier cannot
Q10: A(n)_ is excludable and rival in consumption.
A)private
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Q18: Whether or not they pay for them,
Q19: An artificially scarce good is a good
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Q23: The best example of a public good
Q24: The best example of an artificially scarce
Q25: If the market produces an efficient level
Q30: An electronic book is an artificially scarce
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