A rival good is one:
A)wherein consumption by one person reduces the amount that can be consumed by others.
B)wherein two individuals may fight to gain access to the good.
C)which is made more or less freely available by the supplier.
D)wherein consumption by one person increases the amount that can be consumed by others.

Question

Quizplus · Accepted Answer

A rival good is a good that can only be consumed by one person at a time, and consumption of the good by one person reduces the amount of the good that is available for others to consume. This is also known as the "zero-sum" nature of rival goods. A rival good is a good where consumption by one person reduces the amount available for consumption by others. This means there is competition for the good, as one person's consumption directly affects the amount available for others.

A Rival Good Is One