Which example BEST fits the characteristics of a private good?
A) a professor giving a lecture in a large classroom
B) an ice-cream cone
C) fire protection
D) disease prevention
Correct Answer:
Verified
Q2: A(n)_ is nonexcludable and nonrival in consumption.
A)private
Q3: Whether or not they pay for them,people
Q4: Television programs are nonrival because:
A)the supplier cannot
Q5: A common resource is a good or
Q6: Which good is MOST likely a public
Q8: Which good is MOST likely an artificially
Q9: A good is MOST likely to be
Q10: A(n)_ is excludable and rival in consumption.
A)private
Q11: Clean water in a river is nonexcludable
Q12: The BEST example of a private good
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