A private good is

Related MCQs

• If consumption of a good A by one person does not decrease the consumption of good A by another person, then the good is said to be
• If I increase my consumption of a good and this has no impact on your ability to consume the same good, then the good is
• If one person’s consumption of a good decreases other people’s use of a good, the good is said to be
• When consumption of a good is non-rival and non-excludable the good is
• Pure private goods are those for which consumption is
• Public goods are difficult for a private market to provide due to
• Environment good is
• The Paretian condition for a public good is that
• An increase in the consumption of a good or service which affects favourably the consumption patterns and desires of other consumers is
• An example of a public good is