When a good ends up over consumed and depleted,we can assume it is a:
A) common resource.
B) private good.
C) public good.
D) scarce good.

Question

Quizplus · Accepted Answer

A common resource is a type of good that is non-excludable but rivalrous, meaning that anyone can use it but its use depletes the resource for others. When a common resource is overconsumed, it can become depleted and eventually be unusable for anyone. Examples of common resources include fish in the ocean or clean air. Therefore, this is the best choice for the scenario described.

When a Good Ends Up Over Consumed and Depleted,we Can