A private good is a good that
A) is consumed by a single person or household.
B) cannot be used by private citizens.
C) cannot result in external benefits or costs to those who don't consume.
D) is available for everyone to consume, regardless of who pays.

Question

Quizplus · Accepted Answer

A private good is a good that is consumed by a single person or household, which means that it is not shared or available for everyone to consume. Examples of private goods include food, clothing, and electronics.

A Private Good Is a Good That