Neither public goods nor common resources are
A)excludable, but only public goods are not rival in consumption.
B)excludable, but only common resources are not rival in consumption.
C)rival in consumption, but only public goods are not excludable.
D)rival in consumption, but only common resources are not excludable.

Question

Quizplus · Accepted Answer

Public goods are both non-excludable (meaning it is difficult or impossible to prevent non-payers from consuming the good) and non-rival (consumption by one person does not reduce availability for others), while common resources are non-excludable but rival (consumption by one person reduces availability for others). Therefore, neither public goods nor common resources are fully excludable, but only public goods are fully non-rival.

Neither Public Goods nor Common Resources Are