A Private Good Is

question 29

Multiple Choice

A private good is

• A)rival and excludable in consumption.
• B)nonrival and excludable in consumption.
• C)rival and nonexcludable in consumption.
• D)nonrival and nonexcludable in consumption.

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Definitions:

Task Role

A role taken on by a group member that contributes towards achieving the group's objectives and tasks, focusing on practical and functional aspects of group activity.

Clarifying

The process of making statements or concepts more understandable and precise through detailed explanations or specifications.

Encouraging

involves providing support, confidence, or hope to someone.

Coleadership

A leadership structure where two or more individuals share responsibility for directing and managing a group or organization.