A private good is
A)a good that is rivalrous and nonexcludable.
B)a good that is nonrivalrous and nonexcludable.
C)a good that is rivalrous and excludable.
D)a good that is nonrivalrous and excludable.

Question

Quizplus · Accepted Answer

A private good is a good that can only be consumed by one person or a limited number of people, and it is possible to exclude others from consuming it. Examples include a car or a pair of shoes. These goods are rivalrous because when one person consumes them, they are no longer available for others to consume, and they are excludable because the owner can prevent others from accessing them without permission.

A Private Good Is