An Important Difference Between the Demand for a Private Good

Multiple Choice

An important difference between the demand for a private good and the demand for a public good is that

A) individuals reveal their preferences for a public good, but they do not have to reveal their preferences for a private good.
B) the resources used to provide public goods are common resources or government owned; the resources used to produce private goods are all privately owned.
C) individuals reveal their preferences for a private good, but they do not have to reveal their preferences for a public good.
D) the demand for a private good produces consumption externalities; the demand for a public good produces production externalities.