One important feature that distinguishes a private good from a public good is that
A) a private good is excludable and a public good is nonexcludable.
B) if you consume a unit of a private good, that means there is no less for someone else.
C) nobody can be excluded from enjoying the benefits of a private good.
D) only the government can produce private goods.
E) a private good is nonrival and a public good is rival.

Question

Quizplus · Accepted Answer

A private good is excludable, meaning it is possible to prevent someone from consuming the good if they do not pay for it. In contrast, a public good is nonexcludable, meaning it is not possible to prevent someone from consuming the good, regardless of whether or not they pay for it. This is one of the key features that distinguishes a private good from a public good.

One Important Feature That Distinguishes a Private Good from a Public