Which of the Following Is the BEST Example of a Private

question 136

Multiple Choice

Which of the following is the BEST example of a private good?

• A) a can of Mountain Dew
• B) fish in the ocean
• C) cable television
• D) national defense

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Definitions:

Restraint of Trade

Any activity or agreement that restricts competition in the marketplace, often reviewed under antitrust laws.

Commerce

The activity of buying and selling goods and services, especially on a large scale, including legal, economic, and political interactions.

Antitrust Law

Laws designed to prevent anti-competitive practices, monopolies, and to promote fair competition for the benefit of consumers.

Remedies

Measures or actions taken to solve a problem, correct a fault, or improve a situation.