Economics A Level: What are Private Goods? Use Biscuits as an Example

Question

What are Private Goods? Use Biscuits as an Example

go kys · Accepted Answer

-These are Goods that are Excludable - you can Stop someone Consuming them - and also Rivalry. 
-If someone eats a Biscuit - that means non one else can eat it - there is a Marginal Cost.

Economics A Level

What are Private Goods? Use Biscuits as an Example

-These are Goods that are Excludable - you can Stop someone Consuming them - and also Rivalry. -If someone eats a Biscuit - that means non one else can eat it - there is a Marginal Cost.

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