A common resource is:
A) rival in consumption and excludable.
B) not rival in consumption, but excludable.
C) rival in consumption, but not excludable.
D) not rival in consumption and not excludable.

Question

Quizplus · Accepted Answer

A common resource is rival in consumption but not excludable, meaning that its use by one person can prevent or impede the use by others, but it is difficult or impossible to prevent people from accessing or using it. Option A is incorrect because a rival in consumption and excludable good is considered a private good. Option B is incorrect because a good that is not rival in consumption but excludable is considered a club good. Option D is incorrect because a good that is not rival in consumption and not excludable is considered a public good.

A Common Resource Is