A Private Good Is ________ and ________

question 90

Multiple Choice

A private good is ________ and ________.

• A) rival; excludable
• B) nonrival; excludable
• C) rival; nonexcludable
• D) nonrival; nonexcludable

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Definitions:

Shoes For Crews

A company known for specializing in slip-resistant footwear designed for workers in the service and healthcare industries.

Warranty Implemented

The action of putting into effect a guarantee, typically by a manufacturer, promising to repair or replace an item if necessary within a specified period.

Financial Loss

The negative economic impact suffered by an individual, organization, or entity, typically quantified by the decrease in monetary value or assets.

Uncertainty

A state of having limited knowledge where it is impossible to exactly describe the existing state, a future outcome, or more than one possible outcome.