Which of the following is an example of a private good?(1 point)

Question

Responses

a personal computer used to access the internet
a personal computer used to access the internet

a public website
a public website

positions in a free online game limited to 100 people
positions in a free online game limited to 100 people

an internet connection from a local cable company

Answer 1

The correct example of a private good from the options provided is:

a personal computer used to access the internet

Private goods are characterized by being both rivalrous and excludable, meaning that one person's consumption of the good reduces its availability to others, and individuals can be prevented from accessing it. A personal computer fits these criteria, as it is owned by an individual and can only be used by that person.