All of the Following,except One,are Features of a Private Good

question 49

Multiple Choice

All of the following,except one,are features of a private good.Which is the exception?

• A)Private goods are produced by private firms for a profit.
• B)Private goods are products that could not be produced by the government.
• C)Private goods can be consumed separately by each individual.
• D)Private goods cost more for additional quantities.

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Definitions:

Credit-Rating Industry

The sector of the financial industry that provides assessments of the creditworthiness of borrowers to potential lenders.

Nationally Recognized

A status achieved by entities, individuals, products, or brands that are widely acknowledged and esteemed across an entire country.

Statistical Rating Organizations

Entities that provide assessments of the creditworthiness of issuers of financial instruments through ratings.

Competitive Forces

External pressures that affect an organization's ability to compete in the market, often analyzed through models like Porter’s Five Forces.