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One of the most common ways of looking at goods in the economy is by examining the level of competition in obtaining a given good, and the possibility of excluding its consumption; one cannot, for example, prevent another from enjoying a beautiful view in a public park, or clean air.
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Person B will purchase: 0 loaves of bread at $ 6, 1 loaf of bread at $ 5, 2 loaves of bread at $ 4, 3 loaves of bread at $ 3, 4 loaves of bread at $ 2, and 5 loaves of bread at $ 1
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132:: bread eaten by a given person cannot be consumed by another (rivalry), and it is easy for a baker to refuse to trade a loaf (exclusive).
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Person A will purchase: 0 loaves of bread at $ 4, 1 loaf of bread at $ 3, 2 loaves of bread at $ 2, and 3 loaves of bread at $ 1
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Malkin, J.; Wildavasky, A. (1991). "Why the traditional distinction between public and private goods should be abandoned".
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To illustrate the horizontal summation characteristic, assume there are only two people in this economy and that:
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for a private good is a horizontal summation of individual demand curves.
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307:(June 2008). "10: Private goods, public goods and externalities".
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Goods ยง Goods classified by exclusivity and competitiveness
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