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Which of the following would not be considered a private good?
Gourmet Cupcake
A high-quality, often artistically decorated cupcake that is made with fine ingredients and presented as a luxury item.
Weekly Wages
The total amount of compensation that an employee receives on a weekly basis, typically as a result of hourly work or a fixed salary.
Materials
Substances or components that are used in the manufacturing or production of goods.
Annual Fixed Costs
Costs that do not vary with the volume of production or sales and are incurred on a yearly basis.
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