When a good is nonexcludable and rival in consumption:
A)the free rider problem may arise.
B)the tragedy of the commons may arise.
C)it is likely private.
D)it is likely a common resource.

Question

Quizplus · Accepted Answer

When a good is nonexcludable and rival in consumption, it is a common resource, which can lead to the tragedy of the commons, where individuals overuse and deplete the resource.

When a Good Is Nonexcludable and Rival in Consumption