An example of a private good would be:
A) a tornado siren.
B) a fireworks display.
C) a piece of fruit.
D) cable TV.

Name: An example of a private good would be: A) a tornado siren. B) a fireworks display. C) a piece of fruit. D) cable TV.
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Question

Quizplus · Accepted Answer

A piece of fruit is a private good because it is both excludable and rivalrous, meaning consumption by one person prevents others from consuming it, and people can be prevented from accessing it if they do not pay.

An Example of a Private Good Would Be