Which of the following would not be considered a private good?
A) a pair of jeans
B) an apple
C) a Honda Civic
D) cable TV service

Question

Quizplus · Accepted Answer

Private goods are goods that are rival and excludable, meaning they can be consumed by one person at a time and access can be restricted. A pair of jeans, an apple, and a Honda Civic are all examples of private goods because they can be owned and used by one person at a time and access to them can be restricted to others. Cable TV service, on the other hand, is not a private good because it is non-rival and non-excludable. Once the cable TV service is provided, many people can watch it at the same time, and it is difficult to restrict access to only a select few. Therefore, cable TV service is an example of a public good or a common resource.

Which of the Following Would Not Be Considered a Private