Private goods are both
A)excludable and nonrival in consumption.
B)nonexcludable and rival in consumption.
C)excludable and rival in consumption.
D)nonexcludable and nonrival consumption.

Question

Quizplus · Accepted Answer

Private goods are characterized by being excludable, meaning that people can be prevented from using them, and rival in consumption, meaning that one person's use of the good diminishes others' ability to use it.

Private Goods Are Both