Private goods are both:
A) rival and nonexcludable.
B) nonrival and excludable.
C) nonrival and nonexcludable.
D) rival and excludable.

Question

Quizplus · Accepted Answer

Private goods are both rival and excludable, meaning that their consumption by one person prevents another person from consuming the same good (rivalry), and the owner of the good can prevent others from accessing it (excludability). Examples of private goods include food, clothing, and personal vehicles.

Private Goods Are Both