Fish in the ocean would be considered:
A)a common resource.
B)a private good.
C)a public good.
D)an artificially scarce good.

Name: Fish in the ocean would be considered: A)a common resource. B)a private good. C)a public good. D)an artificially scarce good.
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Question

Quizplus · Accepted Answer

Fish in the ocean are considered a common resource because they are rivalrous (one person's consumption reduces the amount available for others) but non-excludable (it's difficult to prevent anyone from accessing them).

Fish in the Ocean Would Be Considered