Question: What is the difference between a private good and an artificially scarce good? The private good is excludable; the artificially scarce good is nonexcludable. The

What is the difference between a private good and an artificially scarce good? The private good is excludable; the artificially scarce good is nonexcludable. The private good is nonexcludable; the artificially scarce good is excludable. The private good is rival in consumption; the artificially scarce good is nonrival in consumption. The private good is subject to the free-rider problem; the artificially scarce good is not

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