A private good, such as a book, _____ excludable and is _____ in consumption.

Name: A private good, such as a book, _____ excludable and is _____ in consumption.
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A private good, such as a book, is excludable because individuals can be prevented from consuming or using the good if they do not pay for it. Additionally, it is rival in consumption because one person's consumption of the book typically diminishes the amount of the book available for others to consume.

A Private Good, Such as a Book, _____ Excludable and Is