A common resource is a good that is:
A)excludable and rival in consumption.
B)nonexcludable and rival in consumption.
C)excludable and nonrival in consumption.
D)nonexcludable and nonrival in consumption.

Question

Quizplus · Accepted Answer

A common resource is a good that is nonexcludable and rival in consumption, meaning that anyone can use it and the use by one person diminishes its availability for others. Examples of common resources include fish in the open ocean, clean air and water, and public parks.

A Common Resource Is a Good That Is