Collective consumption goods are _____.

Question

Quizplus · Accepted Answer

Collective consumption goods refer to goods that can be consumed by additional consumers without reducing the amount available to existing consumers. Option D is the only choice that satisfies this definition. Option A is incorrect as it mentions "additional consumers" without specifying that the amount available to existing consumers remains constant. Option B is incorrect as the production cost of a good does not determine whether it is a collective consumption good. Option C is incorrect as the entire group need not consume the good for it to be classified as a collective consumption good.

Collective Consumption Goods Are _____