Answer
B) Private good and common resources
Work Step by Step
By definition, a private good is one which is excludable and rivalrous. A common resource is one which is non-excludable but rivalrous.
Principles of Economics, 7th Edition
by Mankiw, N. Gregory
Published by
South-Western College
ISBN 10:
128516587X
ISBN 13:
978-1-28516-587-5
Chapter 11 - Part IV - Public Goods and Common Resources - Quick Check Multiple Choice - Page 229: 2
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