Public goods differ from common resources in that both are _____, but public goods are _____, while common resources are _____.
A) nonrival in consumption; excludable; nonexcludable
B) excludable; nonrival in consumption; rival in consumption
C) nonexcludable; are nonrival in consumption; rival in consumption
D) rival in consumption; nonexcludable; excludable

Question

Quizplus · Accepted Answer

Public goods are nonexcludable and nonrival in consumption, meaning they can be used by everyone without reducing availability to others. Common resources are nonexcludable but rival in consumption, meaning they can be used by everyone but their use by one person reduces availability to others.

Public Goods Differ from Common Resources in That Both Are