When a good is rival in consumption,
A) one person's use of the good diminishes another person's ability to use it.
B) people can be prevented from using the good.
C) no more than one person can use the good at the same time.
D) everyone will be excluded from obtaining the good.

Question

Quizplus · Accepted Answer

When a good is rival in consumption, it means that its use by one person diminishes the ability of another person to use it. In other words, the good is a finite resource that cannot be used by more than one person at the same time. For example, if two people want to use a single chair, only one can sit on it at a time. This makes the good rivalrous in nature.

When a Good Is Rival in Consumption