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Several students from your economics class are discussing the differences between private and public goods. Which of the following students correctly understands the differences? Select
Several students from your economics class are discussing the differences between private and public goods. Which of the following students correctly understands the differences? Select one: A. Karen: "I am pretty sure that public goods are not excludable but are rival in consumption." B. Theo: "I seem to recall that consumers can easily be excluded from consuming public goods and that they are also nonrival." C. Xiaojie: "I remember the professor saying that people can be excluded from consuming public goods and that their consumption of a public good does detract from anybody else's consumption." D. Fran: "According to the textbook, all public goods are non-excludable and non-rival in consumption
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