Seymour owns 3 acres of beautiful waterfront property on a large inland lake. In his will, Seymour donates the land to the state with the understanding that the land will be used as a state beach that anyone may use without paying any fees. This state beach
A)will tend to be overused because it is nonexcludable.
B)is a common resource when it becomes crowded on sunny summer weekends.
C)is rival in consumption when it becomes crowded on sunny summer weekends.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

The state beach will tend to be overused because it is nonexcludable, meaning it is available for anyone to use without paying any fees. This also means it is a common resource when it becomes crowded on sunny summer weekends, as everyone is competing for the same resources (like parking spots and beach space). As a result, it is also rival in consumption when it becomes crowded on sunny summer weekends, as there are limited resources that multiple people want to use.

Seymour Owns 3 Acres of Beautiful Waterfront Property on a Large