Which of the following is a private good?
A) law enforcement
B) fire protection
C) water
D) clean air

Question

Quizplus · Accepted Answer

Water is a private good because it can be owned and controlled by individuals or businesses, and consumption by one person or entity reduces the amount available for others. Law enforcement and fire protection are typically considered public goods because they benefit the entire community and are funded through taxes. Clean air is a common resource, which means it is available to all and not controlled by any individual or business.

Which of the Following Is a Private Good