Common resources are both
A)excludable and nonrival in consumption.
B)nonexcludable and rival consumption.
C)excludable and rival consumption.
D)nonexcludable and nonrival consumption.

Question

Quizplus · Accepted Answer

Common resources are nonexcludable, meaning that it is difficult or impossible to prevent someone from using them. Examples include fish in the ocean or clean air. They are also rival in consumption, meaning that the consumption of the resource by one person directly reduces the availability of the resource for others. Therefore, the best choice is letter B (nonexcludable and rival consumption).

Common Resources Are Both