A common resource is
A) rival and excludable.
B) rival and nonexcludable.
C) nonrival and excludable.
D) nonrival and nonexcludable.
E) None of the above answers is correct.

Question

Quizplus · Accepted Answer

A common resource is rival in consumption, meaning that when one person uses it, another cannot use it at the same time. However, it is nonexcludable, meaning that it is difficult to prevent people from using it. An example of a common resource is a fishery where anyone can fish and it is difficult to prevent overfishing.

A Common Resource Is