A major difference between a private good and a public good is that private goods:
A) are excludable, public goods are not.
B) can be produced in efficient quantities while public goods generally are not.
C) are rival in consumption, public goods are not.
D) All of the answers are correct.

Question

Quizplus · Accepted Answer

Private goods are excludable and rival in consumption, whereas public goods are non-excludable and non-rival. Therefore, all the statements A, B, and C correctly describe the differences between private and public goods.

A Major Difference Between a Private Good and a Public