A Private Good Is

question 72

Multiple Choice

A private good is:

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

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Definitions:

Deformed

Referring to rocks or earth materials that have been changed in shape or dimension under stress, such as during tectonic activity.

Flattened

Describes objects that have been pressed into a thinner shape or planar surface, often as a result of external pressure.

Low Pressure

A condition in the atmosphere where the air pressure is lower than surrounding areas, often leading to cloudy weather and precipitation.

High Temperature

A condition or state of matter characterized by a heat level that is significantly above the normal or expected temperature range.