Goods that are neither excludable nor rival in consumption would be considered
A)natural monopolies.
B)common resources.
C)public goods.
D)private goods.

Question

Quizplus · Accepted Answer

Goods that are neither excludable nor rival in consumption are known as public goods. Public goods are those goods or services that are available to everyone and cannot be denied to anyone. They are characterized by two main features: non-excludability and non-rivalry. Non-excludability means that it is difficult or impossible to prevent people from using the good or service, even if they do not pay for it. Non-rivalry means that the consumption of the good or service by one person does not reduce the amount available for others to use. Common resources, on the other hand, are rival but not excludable, meaning that they can be used up by one person and are difficult to exclude others from using them. Natural monopolies and private goods are excludable but not necessarily non-rival.

Goods That Are Neither Excludable nor Rival in Consumption Would