Which of the following statements about private goods and public goods is correct?
A)Private goods and public goods are both excludable.
B)Private goods and public goods are both rival in consumption.
C)Private goods are not excludable and public goods are excludable.
D)Private goods are rival in consumption and public goods are not excludable.

Question

Quizplus · Accepted Answer

Private goods are rival in consumption, meaning one person's use diminishes others' ability to use it, and public goods are not excludable, meaning people cannot be prevented from using them.

Which of the Following Statements About Private Goods and Public