Private Goods Are

question 127

Multiple Choice

Private goods are

• A) rival in consumption, and their benefits are excludable.
• B) nonrival in consumption, and their benefits are excludable.
• C) nonrival in consumption, and their benefits are nonexcludable.
• D) rival in consumption, and their benefits are nonexcludable.

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Definitions:

Restaurant Name

The unique name or identity given to a place where food and drinks are sold and consumed.

Glass

A hard, brittle substance typically transparent or translucent, made by fusing sand with soda, lime, and sometimes other ingredients and cooling it quickly.

Conscious Decision

A choice or resolution made with full awareness and intention, involving deliberate thought and consideration.

Unconscious Decision

A decision made by the mind without one's conscious awareness, often influenced by deep-seated desires or conditioning.