A good that is consumed by a single person or household is
A) rival.
B) nonrival.
C) excludable.
D) nonexcludable.

Question

Quizplus · Accepted Answer

A good that is consumed by a single person or household is called rival, which means that the consumption of one unit of the good prevents the consumption of that same unit by another person. For example, my consumption of a bowl of soup prevents someone else from consuming that exact bowl of soup.

A Good That Is Consumed by a Single Person or Household