A good that is both rival and excludable is
A) a public good.
B) a good that is impossible to produce.
C) a private good.
D) a natural monopoly good.
E) a common resource.

Question

Quizplus · Accepted Answer

A good that is both rival and excludable is a private good, which means that it can be consumed by one person at a time (rival) and also controlled by the owner who can choose to exclude others from using it (excludable). Examples of private goods include clothing, food, and electronics. Public goods (A) are non-excludable and non-rival, meaning they can be consumed by multiple people at no additional cost and it is difficult to exclude anyone from using them. Natural monopoly goods (D) are typically excludable but not rival and common resources (E) are rival but not excludable. Therefore, the only choice that fits the definition of a good that is both rival and excludable is C, a private good.

A Good That Is Both Rival and Excludable Is