Which of the following goods is rival and excludable?
A)An uncongested toll road
B)An uncongested nontoll road
C)A congested nontoll road
D)A congested toll road

Question

Quizplus · Accepted Answer

A good that is rival and excludable is one where its use by one person diminishes the ability of another person to use it (rival) and where people can be prevented from using the good (excludable). A congested toll road fits both criteria: its use by one person affects others' ability to use it due to congestion (rival), and the toll acts as a mechanism to exclude those who do not pay (excludable).

Which of the Following Goods Is Rival and Excludable