An Example of a Private Good Is

question 41

Multiple Choice

An example of a private good is

• A) national defense.
• B) a bottle of perfume.
• C) city streets and highways.
• D) clean air.

---

Definitions:

Rate of Return

A measure of the profitability of an investment expressed as a percentage of the original investment.

Patent Application Costs

Expenses incurred during the process of applying for a patent, including legal, filing, and administrative fees to protect intellectual property.

Legal Costs

Expenses incurred by individuals or businesses for legal services, which can include lawyer fees, court fees, and other related costs.

Patent Infringement

The act of utilizing a patented invention without permission from the patent holder.