The "principle of rival consumption" applies to which of the following?
A) national defense
B) the free-rider problem
C) the exclusion principle
D) a private good

Question

Quizplus · Accepted Answer

The "principle of rival consumption" refers to the idea that the consumption of a good or service by one person reduces the amount available for others to consume. Private goods, such as food or clothing, are an example of goods that are subject to rival consumption. Therefore, option D (a private good) is the best choice.

The "Principle of Rival Consumption" Applies to Which of the Following