For a good to be efficiently provided by the private market, it must be:
A) rival in consumption.
B) excludable.
C) a common resource.
D) rival in consumption and excludable.

Question

Quizplus · Accepted Answer

A good is efficiently provided by the private market if it is rival in consumption and excludable. Rival in consumption means that one person's consumption of the good prevents another person from consuming it. Excludable means that it is possible to prevent people from consuming the good if they do not pay for it.

For a Good to Be Efficiently Provided by the Private