Stewart is a lobsterman. His traps are
A)private goods and the lobster he catches are common resources.
B)private goods and the lobster he catches are public goods.
C)rival in consumption and the lobster he catches are not rival in consumption.
D)not rival in consumption and the lobster he catches are not rival in consumption.

Question

Quizplus · Accepted Answer

Stewart's traps are private goods because they are owned and controlled by him. The lobster he catches, however, are common resources because they are not owned by anyone in particular and can be caught by multiple lobstermen.

Stewart Is a Lobsterman. His Traps Are