Which of the following can be rival and excludable?
i.a good
ii.a service
iii.a resource
A) i and ii
B) i and iii
C) ii and iii
D) i, ii and iii
E) only i

Question

Quizplus · Accepted Answer

Goods, services, and resources can all be rival and excludable. Rivalry means that one person's consumption of a product reduces the amount available for others, and excludability means that it's possible to prevent people from using the product unless they pay for it. All three categories can have examples fitting these criteria.

Which of the Following Can Be Rival and Excludable