A common resource is a good or service for which exclusion is:
A)possible and which is rival in consumption.
B)possible and which is nonrival in consumption.
C)not possible and which is rival in consumption.
D)not possible and which is nonrival in consumption.

Question

Quizplus · Accepted Answer

A common resource is a good or service that is non-excludable, meaning that it is not possible to exclude anyone from using it. At the same time, it is rival in consumption, meaning its use by one individual reduces the amount available for others. This fits the description of choice C, which states that exclusion is not possible and the resource is rival in consumption.

A Common Resource Is a Good or Service for Which