The primary difference between private goods and public goods is that
A)private goods are consumed by private individuals whereas public goods are not consumed by private individuals.
B)private goods often yield externalities but public goods do not.
C)property rights can be assigned to public goods but not to private goods.
D)public goods are nonrivalrous in consumption whereas private goods are rivalrous in consumption.

Question

Quizplus · Accepted Answer

Public goods are nonrivalrous, meaning one person's consumption of the good does not reduce the availability for others, which contrasts with private goods where consumption by one person does preclude consumption by another.

The Primary Difference Between Private Goods and Public Goods Is