A good that is rival but nonexclusive is called
A)a private good
B)a public good
C)a quasi-private good
D)an external good
E)an open access good

Name: A good that is rival but nonexclusive is called A)a private good B)a public good C)a quasi-private good D)an external good E)an open access good
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Question

Quizplus · Accepted Answer

An open access good is rival in consumption, meaning one person's use diminishes others' ability to use it, but it is nonexclusive, meaning it is difficult to prevent others from using it.

A Good That Is Rival but Nonexclusive Is Called