Suppose a long stretch of beach with many possible public and private entrances is such that it is impossible to control access and, as a result, gets very crowded on summer days. Which recognized characteristic of goods holds
A)rivalry.
B)exclusivity.
C)lucidity.
D)morality.

Question

Quizplus · Accepted Answer

Rivalry is the correct characteristic because when a good is rivalrous, one person's use of the good diminishes the ability of another person to use it. In the context of a crowded beach, the more people that use the beach, the less space and enjoyment available for others, indicating rivalry.

Suppose a Long Stretch of Beach with Many Possible Public