Private Goods Are Characterized By

question 5

Multiple Choice

Private goods are characterized by:

• A) rivalry and excludability.
• B) rivalry and nonexcludability.
• C) nonrivalry and excludability.
• D) nonrivalry and nonexcludability.

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Definitions:

Cluster

A group of similar things or people positioned or occurring closely together.

Avoidant

A personality trait or behavioral pattern characterized by the desire to avoid certain situations, tasks, or interpersonal interactions due to fear, anxiety, or discomfort.

Obsessive-Compulsive

Relating to a psychological disorder characterized by unwanted repetitive thoughts (obsessions) and actions (compulsions).

Self-Report Measures

are questionnaires or surveys used to gather data on individuals' thoughts, feelings, and behaviors from their own perspective.