Which of the following is the best example of a private good?
A) a local park
B) a can of soda
C) a television program broadcast unscrambled over the airwaves
D) an outdoor fireworks display

Question

Quizplus · Accepted Answer

A can of soda is an example of a private good because it is excludable (only the person who purchases it can consume it) and rival (once it is consumed, it cannot be consumed by someone else).

Alternatively, D could also be a correct answer as an outdoor fireworks display can be made excludable by having a ticketed entry. However, it's less clear-cut since it is less common to have excludable outdoor fireworks displays.

Which of the Following Is the Best Example of a Private