Goods that are neither rival in consumption nor excludable are:
A) a common resource.
B) a private good.
C) a public good.
D) an artificially scarce good.

Question

Quizplus · Accepted Answer

Goods that are neither rival in consumption nor excludable are known as public goods. Public goods are goods that are available for everyone to use, and no one can be excluded from using them. Examples of public goods include fresh air, national defense, and street lighting. These goods are typically provided by the government because they are not easily provided by the market due to the free-rider problem. The free-rider problem occurs when someone benefits from a public good without actually paying for it.

Goods That Are Neither Rival in Consumption nor Excludable Are