Multiple Choice
Which of the following statements is correct?
A) Private goods and public goods are both excludable and rival in consumption.
B) Private goods are rival in consumption but not excludable, whereas public goods are excludable but not rival in consumption.
C) Private goods are both excludable and rival in consumption, whereas public goods are neither excludable nor rival in consumption.
D) Private goods are neither excludable nor rival in consumption, whereas public goods are both excludable and rival in consumption.
Correct Answer:

Verified
Correct Answer:
Verified
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