The value and cost of goods are easiest to determine when the goods are
A)private goods.
B)public goods.
C)common resources.
D)club goods.

Question

Quizplus · Accepted Answer

Private goods are goods that are excludable and rival in consumption, meaning that the owner of the good can prevent others from using it and that one person's use of the good diminishes its availability to others. This makes it easy to determine the value and cost of the goods because their use is limited to the owner and can be priced accordingly.

The Value and Cost of Goods Are Easiest to Determine