Which of the following would be considered a common resource good?
A)cable television
B)bottled natural mineral water
C)a congested public park
D)electricity consumption by a household

Question

Quizplus · Accepted Answer

A congested public park is a common resource good because it is non-excludable (anyone can enter the park) and rivalrous (use by one person reduces the amount available for others). Cable television and electricity consumption by a household are considered private goods because they are both excludable (only the paying customer can access the service) and non-rivalrous (one person's use does not affect the availability for others). Bottled natural mineral water could be considered a private good if it is purchased by an individual or a common resource good if it is accessed by many people in a shared space (e.g. a water fountain). However, the question only allows for one choice so C is the best option.

Which of the Following Would Be Considered a Common Resource