What does it mean when a good is rival in consumption
A)One person's use of the good diminishes another person's ability to use it.
B)People can be prevented from using the good.
C)No more than one person can use the good at a time.
D)Everyone will be excluded from obtaining the good.

Question

Quizplus · Accepted Answer

A good being rival in consumption means that one person's use of the good will diminish another person's ability to use it. This is because the good is limited in quantity or availability, and once one person uses it, there is less of it left for others to use. Examples of rival goods are food, clothing, and cars.

What Does It Mean When a Good Is Rival in Consumption