A good that is both rival and exclusive is called
A)a private good
B)a public good
C)a quasi-private good
D)an external good
E)an open access good

Question

Quizplus · Accepted Answer

A private good is both rival in consumption (meaning consumption by one person reduces the amount available for others) and exclusive (meaning it can be denied to someone who does not pay for it). Examples of private goods include clothing and food.

A Good That Is Both Rival and Exclusive Is Called