Private goods are
A)nonrival and excludable.
B)nonrival and nonexcludable.
C)always produced in a nonregulated market.
D)rival and excludable.
E)rival and nonexcludable.

Question

Quizplus · Accepted Answer

Private goods are rival in consumption, meaning that if one person consumes a unit of the good, it may not be available for someone else to consume. They are also excludable, meaning that those who do not pay for the good can be prevented from consuming it. Examples of private goods include food, clothing, and cars.

Private Goods Are