A Pure Private Good Is One

question 68

Multiple Choice

A pure private good is one

• A)that is nonrival and nonexcludable
• B)that is rival but excludable
• C)that is rival and excludable
• D)that is nonrival but excludable
• E)one whose production imposes a cost on third parties

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Definitions:

Balanced Scorecards

A strategic planning and management system used for aligning business activities to the vision and strategy of the organization, improving internal and external communications, and monitoring organizational performance against strategic goals.

Markets

Places or systems in which goods, services, and financial instruments are traded between individuals, businesses, or entities.

Products

Goods or services offered by a business or manufacturer, created to fulfill the needs and desires of consumers.

Objectives

Targets or goals that an individual, group, or organization aims to achieve.