If the consumption of a good by one person reduces the amount of it that can be consumed by others, the good is
A)excludable.
B)nonexcludable.
C)rivalrous in consumption.
D)nonrivalrous in consumption.

Question

Quizplus · Accepted Answer

A good that is rivalrous in consumption means that the consumption of the good by one person diminishes the ability of another person to consume the same good. This characteristic defines goods where the use by one individual prevents or decreases the availability of the good for use by another individual.

If the Consumption of a Good by One Person Reduces