A good that is nonexcludable but rival in consumption is considered a:
A)common resource good.
B)private good.
C)public good.
D)normal good.

Question

Quizplus · Accepted Answer

A good that is nonexcludable but rival in consumption is called a common resource good. Examples of common resource goods include fisheries and forests. These goods are nonexcludable because it is difficult to prevent people from using them, but rival in consumption because one person's use of the good diminishes the amount available for others to use.

A Good That Is Nonexcludable but Rival in Consumption Is