To hunters,deer in the woods are an example of a
A) public good.
B) private good.
C) common resource.
D) public resource.
E) natural monopoly.

Question

Quizplus · Accepted Answer

Deer in the woods are not a private good as they are not owned by an individual or organization. They are also not a public good as they are not non-excludable and non-rivalrous in consumption. However, they are a common resource as they are available for use by all hunters in the area and their consumption by one hunter reduces the number available for others. Common resources require management to ensure they are not overused or depleted, which is why hunting regulations are in place.

To Hunters,deer in the Woods Are an Example of a