A good that is rival in consumption and not excludable is called a
A)public good.
B)common resource.
C)club good.
D)private good.

Question

Quizplus · Accepted Answer

A good that is rival in consumption means that the consumption by one person reduces the amount available for others, and a good that is not excludable means that it is difficult or impossible to prevent someone from consuming the good. Common resources, such as fish in the ocean or clean air, fit this description. Public goods, such as national defense or street lighting, are non-rival and non-excludable. Club goods, such as cable television or a private golf course, are excludable but non-rival in consumption. Private goods, such as clothing or food, are both excludable and rival in consumption.

A Good That Is Rival in Consumption and Not Excludable