Private goods are characterized by rivalry and excludability and public goods are characterized by non rivalry and non-excludability. True or false?

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Insha FatimaLv10

17 Oct 2020

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Related questions

Unlike a private good, a public good:
A. has no opportunity costs.
B. has benefits available to all, including non-payers.
C. produces no positive or negative externalities.
D. is characterized by rivalry and excludability.

amberhamster945

Unlike a private good, a public good:

A. has no opportunity costs.
B. has benefits available to all, including nonpayers.
C. produces no positive or negative externalities.
D. is characterized by rivalry and excludability.

viridianmole204

Unlike a private good, a public good

a. is characterized by rivalry and excludability

b. produces no positive or negative externalities

c. has benefits available to all, including nonpayers

d. has no opportunity costs