A private good is ________ and ________.
A) rival; excludable
B) nonrival; excludable
C) rival; nonexcludable
D) nonrival; nonexcludable

Name: A private good is ________ and ________. A) rival; excludable B) nonrival; excludable C) rival; nonexcludable D) nonrival; nonexcludable
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Question

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A private good is rival, meaning one person's consumption of the good reduces the amount available for others, and excludable, meaning people can be prevented from using it if they do not pay for it.

A Private Good Is ________ and ________

A Private Good Is and