Author Question: The distinguishing characteristic of private goods is that A) the principle of rival consumption ... (Read 35 times)

penza · **on:** Jun 29, 2018

The distinguishing characteristic of private goods is that

A) the principle of rival consumption does not apply to them.
B) their use is exclusive to the people who purchase them.
C) they can be sold but not rented.
D) they can be sold or rented, but not borrowed.

Question 2

A good example of a monopolistic competitive industry is

A) the U.S. auto industry.
B) the public utility industry.
C) the computer game industry.
D) mining.