Private goods are:
A) not rival in consumption, but excludable.
B) rival in consumption and excludable.
C) rival in consumption, but not excludable.
D) not rival in consumption and not excludable.

Question

Quizplus · Accepted Answer

Private goods are both rival in consumption, meaning that multiple individuals cannot consume them at the same time, and excludable, meaning that individuals can be prevented from accessing them. Examples of private goods include food, clothing, and electronics.

Private Goods Are