A good is rival if:
A) it is produced by more than one firm.
B) consuming an item means that no one else can consume that same exact item.
C) consumption of it causes negative externalities.
D) consumers can be restricted from buying it.

Question

Quizplus · Accepted Answer

Rival goods are those where the consumption by one person prevents simultaneous consumption by another person. This characteristic defines the rivalry in consumption.

A Good Is Rival If