A pure private good is
A) nonrival in consumption and subject to exclusion.
B) rival in consumption and subject to exclusion.
C) rival in consumption and not subject to exclusion.
D) all of these answer options are correct.

Question

Quizplus · Accepted Answer

A pure private good is characterized by being rival in consumption (one person's consumption of the good reduces the amount available for others) and subject to exclusion (it is possible to prevent someone from using the good).

A Pure Private Good Is