Mitch hunts deer.His shotgun is
A) a private good and the deer he hunts are common resources.
B) a private good and the deer he hunts are public goods.
C) rival in consumption and the deer he hunts are not rival in consumption.
D) not rival in consumption and the deer he hunts are not rival in consumption.

Question

Quizplus · Accepted Answer

A shotgun is a private good because it is both excludable and rival in consumption. Deer are common resources because they are rival in consumption (one person's hunting reduces the availability for others) but not excludable.

Mitch Hunts Deer.His Shotgun Is