The Major Distinction Between Private and Public Goods Is That

Multiple Choice

The major distinction between private and public goods is that

A) private goods are goods produced by private firms whereas public goods are goods produced by government--the public sector.
B) unlike private goods, public goods are nonexcludable--it is difficult or impossible to prevent nonpaying customers from receiving the good.
C) unlike private goods, public goods are nonrival in consumption--the consumption of a unit by one person does not detract from the amount available to others.
D) both b and c are correct.