Private goods are:
A)excludable and rival
B)non-excludable and rival
C)excludable and non-rival
D)non-excludable and non-rival

Question

Quizplus · Accepted Answer

Private goods are excludable, meaning individuals or firms can prevent others from using them without permission or payment, and they are rival, meaning one person's consumption of the good reduces the amount available for others to consume. Examples include food, clothing, and cars.

Private Goods Are