A Private Good Is ________ and ________

question 90

Multiple Choice

A private good is ________ and ________.

• A) rival; excludable
• B) nonrival; excludable
• C) rival; nonexcludable
• D) nonrival; nonexcludable

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Definitions:

Chobani

A US-based company known for producing yogurt and other dairy and plant-based products.

Hamdi Ulukaya

Founder of Chobani, a popular yogurt company, known for his innovative business practices and philanthropy.

Possession Utility

The value or benefit that comes from owning a product and being able to use it.

Smartphone

A mobile phone that incorporates advanced computing capability and connectivity, allowing for both traditional telecommunications and functions such as internet browsing, app usage, and multimedia entertainment.