Consider the following 12 types of goods: Public Goods, Commons Goods, Club Goods, Private Goods, Normal Goods, Inferior Goods, Necessity Goods, Luxury Goods, Digital Goods, Virtue Goods, Lady Gaga goods, Yogi Bear Goods. Identify the good type for the four goods below based on their rivalry and excludability properties: Good a ________. Non-rival, Excludable: _________. Good B: Rival, Excludable: _________. Good C: Non-rival, Non-excludable: _________. Good D: Rival, Non-excludable: _________.
1) Public Goods, Private Goods, Club Goods, Commons Goods
2) Public Goods, Club Goods, Private Goods, Commons Goods
3) Private Goods, Public Goods, Commons Goods, Club Goods
4) Private Goods, Commons Goods, Public Goods, Club Goods