If one person's use of a good diminishes another person's enjoyment of it, the good is:
A) rival
B) excludable
C) normal
D) exhaustible

Question

Quizplus · Accepted Answer

A rival good is one that can only be enjoyed by one person at a time, and the use of it by one person diminishes the availability and enjoyment of it for another person. In this scenario, if one person's use of the good diminishes another person's enjoyment of it, then it is a rival good. The other options (excludable, normal, exhaustible) do not address the issue of rivalry in consumption.

If One Person's Use of a Good Diminishes Another Person's