If the consumption of a good decreases the quantity available for another person, the good is rival.

Name: If the consumption of a good decreases the quantity available for another person, the good is rival.
Brand: Quizplus
Rating: 4.9 (57 reviews)

Question

Quizplus · Accepted Answer

A rival good is one where its consumption by one person reduces the amount available for others, meaning it cannot be simultaneously consumed by multiple people.

If the Consumption of a Good Decreases the Quantity Available