A good for which exclusion is possible and for which the marginal cost of another user is positive is a _______ good.
A) private
B) free
C) nonmarket
D) public

Question

Quizplus · Accepted Answer

A private good is one that can be excluded from use by someone else, meaning that others are prevented from using it without permission. Additionally, the marginal cost of another user is positive, which means that the cost of providing the good to an additional user increases as the number of users increases. This is characteristic of many types of private goods, such as clothing, food, and housing.

A Good for Which Exclusion Is Possible and for Which