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AP® Microeconomics

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Moderate

Private Property: Characteristics

APMICR-FCH7KP

Which of the following are characteristics of private goods?

I. Rivalry
II. Shared Consumption
III. Spillover Benefits
IV. Excludability

A

I only.

B

II only.

C

I and III only.

D

I and IV only.

E

I, II, III, and IV.