Question

Which one of the following statements about private goods is true? (WITH EXPLANATION PLEASE)

A) there is non-rivalry in their consumption
B) there is non-excludability in their consumption
C) it is possible to exclude people from consuming them
D) the free-rider problem makes it difficult for firms to make a profit

Answer 1

C because some people can not afford to buy private goods which leads them to be excluding them from the products a firm makes