A cheeseburger is a
A)common resource, because it is rival in consumption but not excludable.
B)public good, because it is rival in consumption but not excludable.
C)public good, because it is excludable and rival in consumption.
D)private good, because it is excludable and rival in consumption.

Question

Quizplus · Accepted Answer

A cheeseburger is a private good, because it is both excludable (meaning someone can be prevented from consuming it) and rival in consumption (meaning one person's consumption reduces the amount available for others).

A Cheeseburger Is a