Which of the following would be considered a private good
A)national defence
B)a public beach
C)local Internet service
D)a bottle of natural mineral water

Question

Quizplus · Accepted Answer

A private good is a type of good that is both rivalrous and excludable. This means that when one person consumes the good, it is not available for someone else to consume, and that people can be prevented from accessing the good if they do not pay for it. National defense and a public beach are both examples of public goods, which are non-excludable and non-rivalrous. Local internet service may be excludable, but it is not necessarily rivalrous, as multiple people can use the internet at the same time. A bottle of natural mineral water is an example of a private good, as it can only be consumed by one person at a time, and someone else cannot consume it without paying for it.

Which of the Following Would Be Considered a Private Good