Which of the following is a private good

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Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Question:

Which of the following is a private good?

Options:

A good that is available to everyone to consume, regardless of who pays for it and who does not.

A good that is consumed by a single person or household

Spillover benefits

Non-rival in consumption and non-excludable

Correct Answer:

A good that is consumed by a single person or household