Private Goods Are Both

question 9

Multiple Choice

Private goods are both

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

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Definitions:

Ideological Reasoning

Forming conclusions based strictly on a predefined set of doctrines or political beliefs.

Constrains

Limits or restricts someone's actions or behavior.

Abstract Conclusion

A summary or synthesis of complex ideas, thoughts, or findings that may not have a direct, tangible representation.