The Primary Difference Between Private Goods and Public Goods Is

question 116

Multiple Choice

The primary difference between private goods and public goods is that

• A)private goods are consumed by private individuals whereas public goods are not consumed by private individuals.
• B)private goods often yield externalities but public goods do not.
• C)property rights can be assigned to public goods but not to private goods.
• D)public goods are nonrivalrous in consumption whereas private goods are rivalrous in consumption.

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Definitions:

Decline Stage

The phase of the product life cycle where sales and profits begin to decrease as the product loses market appeal.

Industry Life Cycle

A concept that describes the progression of an industry through stages including introduction, growth, maturity, and decline, reflecting its evolution over time.

Negative Growth

A decline in the economic performance of a company, sector, or economy, often measured by a decrease in gross domestic product (GDP) or revenue.

Industry-Specific iShares

Exchange-traded funds that target investments in specific industry sectors, offering exposure to those segments of the market.