A product is considered to be rival if
A)you can keep those who did not pay for the item from enjoying its benefits.
B)you cannot keep those who did not pay for the item from enjoying its benefits.
C)your consumption of the product reduces the quantity available for others to consume.
D)it is jointly owned by all members of a community.

Question

Quizplus · Accepted Answer

A rival product is one whose consumption by one individual reduces the amount available for others to consume, making the good or service rival, or scarce. This distinguishes it from a non-rival product, such as a public good, where consumption by one individual does not diminish availability to others. Therefore, option C is the correct answer.

A Product Is Considered to Be Rival If