A private good:
A) is a good for which consumption involves perfect rivalry.
B) is nonexcludable.
C) is often provided by the government.
D) is a good for which consumption involves perfect rivalry and is nonexcludable.

Question

Quizplus · Accepted Answer

A private good is a good for which consumption involves perfect rivalry, meaning that one person's consumption of the good prevents another person from consuming the same unit of the good. Examples of private goods include food, clothing, and cars.

A Private Good