A good or resource that is both nonrival and nonexcludable is
A) a good that is impossible to produce.
B) a private good.
C) a common resource.
D) a public good.
E) nonexistent because it is impossible for a good or resource to be both nonrival and nonexcludable.

Question

Quizplus · Accepted Answer

A public good is a good that is nonrival and nonexcludable. Nonrival means that one person's use of the good does not diminish the ability of others to use it, and nonexcludable means that it is difficult or impossible to exclude someone from using the good. Examples of public goods include national defense, clean air, and scientific research.

A Good or Resource That Is Both Nonrival and Nonexcludable