Get the answers you need from a community of experts on IDNLearn.com. Join our interactive community and access reliable, detailed answers from experienced professionals across a variety of topics.
Gum is a private good as it is excludable and rivalrous, fitting the classification of tangible items restricted to one individual at a time.
A piece of gum is classified as a private good. Private goods are excludable and rivalrous, meaning access to them can be restricted, and consumption by one individual reduces availability for others. Bubble gum, being a tangible item that can only be enjoyed by one person at a time, fits this classification.
https://brainly.com/question/51370462