A room heater is a ________.
A) club good because it is excludable but non-rival in consumption
B) club good because it is non-excludable but rival in consumption
C) public good because it is non-excludable and non-rival in consumption
D) private good because it is excludable and rival in consumption

Question

Quizplus · Accepted Answer

A room heater is a private good because it can be easily excluded and its consumption is rivalrous in nature. Only the person who purchases and uses the heater can benefit from its warmth, and others can be excluded from using it.

A Room Heater Is a ________