Which of the following best describes a private good?

Show Answers

It is rivalrous but cannot be restricted from othersIt is non-rivalrous yet can be limited to certain usersIt is both rivalrous and can be restricted from othersIt is neither rivalrous nor can it be restricted

Explanation

A private good is characterized by being both rivalrous, meaning one person's consumption reduces availability for others, and excludable, meaning access can be limited to paying customers.