Which one of the following statements about private goods is true? (WITH EXPLANATION PLEASE) A) there is non-rivalry in their consumption
B) there is non-excludability in their consumption
C) it is possible to exclude people from consuming them
D) the free-rider problem makes it difficult for firms to make a profit

Acompetitive market in healthcare would a. overprovide healthcare because the marginal social benefit of healthcare exceeds the marginal benefit perceived by consumers b. underprovide healthcare because it would eliminate medicare and medicaid c. underprovide healthcare because the marginal social benefit of healthcare exceeds the marginal benefit perceived by consumers d. overprovide healthcare because it would be similar to the approach used in canada