A Pure Private Good Is

question 24

Multiple Choice

A pure private good is

• A) nonrival in consumption and subject to exclusion.
• B) rival in consumption and subject to exclusion.
• C) rival in consumption and not subject to exclusion.
• D) all of these answer options are correct.

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Definitions:

Auditor's Report

A formal opinion or disclaimer, issued by an auditor, regarding the financial statements of a company, indicating whether they present a fair and accurate view.

Introductory

Pertaining to the beginning or initial stage of something, usually providing a basic level of information or understanding.

Scope

The extent of the area or subject matter that something deals with or to which it is relevant.

Conclusion

The final part of a document or speech that summarizes the main points or findings.