Both public goods and common resources are:
A) rival in consumption.
B) nonexcludable.
C) excludable.
D) nonrival in consumption.

Question

Quizplus · Accepted Answer

Both public goods and common resources are nonexcludable, meaning that individuals cannot be easily excluded from using them. They differ, however, in their rivalry in consumption. Public goods are nonrival in consumption, meaning that one person's use of the good does not diminish another person's use. Common resources, on the other hand, are rival in consumption, meaning that one person's use of the resource reduces the amount available for others to use.

Both Public Goods and Common Resources Are