Private goods are those goods
A) that violate the principle of rival consumption.
B) for which no public market exists.
C) that can only be consumed by one individual at a time.
D) to which the non-exclusion principle applies.

Question

Quizplus · Accepted Answer

Private goods are rivalrous in consumption, meaning that they can only be consumed by one individual at a time, and exclusive, meaning that access to the good can be controlled by the owner.

Private Goods Are Those Goods