Why are public goods different than private goods? Group of answer choices Public goods are rivalrous in consumption and excludable, whereas private goods are nonrivalrous in consumption and nonexcludable. Public goods are rivalrous in consumption and nonexcludable, whereas private goods are rivalrous in consumption and excludable. Public goods are nonrivalrous in consumption and nonexcludable, whereas private goods are rivalrous in consumption and excludable. Public goods are nonrivalrous in consumption and excludable, whereas private goods are rivalrous in consumption and excludable. Public goods are rivalrous in consumption and excludable, whereas private goods are nonrivalrous in consumption and excludable.
Why are public goods different than private goods? Group of answer choices Public goods are rivalrous in consumption and excludable, whereas private goods are nonrivalrous in consumption and nonexcludable. Public goods are rivalrous in consumption and nonexcludable, whereas private goods are rivalrous in consumption and excludable. Public goods are nonrivalrous in consumption and nonexcludable, whereas private goods are rivalrous in consumption and excludable. Public goods are nonrivalrous in consumption and excludable, whereas private goods are rivalrous in consumption and excludable. Public goods are rivalrous in consumption and excludable, whereas private goods are nonrivalrous in consumption and excludable.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Why are public goods different than private goods?
Group of answer choices
Public goods are rivalrous in consumption and excludable, whereas private goods are nonrivalrous in consumption and nonexcludable.
Public goods are rivalrous in consumption and nonexcludable, whereas private goods are rivalrous in consumption and excludable.
Public goods are nonrivalrous in consumption and nonexcludable, whereas private goods are rivalrous in consumption and excludable.
Public goods are nonrivalrous in consumption and excludable, whereas private goods are rivalrous in consumption and excludable.
Public goods are rivalrous in consumption and excludable, whereas private goods are nonrivalrous in consumption and excludable.
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