Fish in the ocean are an example of ________ because they are ________.
A) public good; nonexcludable and nonrival
B) public good; rival and excludable
C) common resource; rival and nonexcludable
D) common resource; nonrival and nonexcludable
E) private good; caught by private fishermen

Question

Quizplus · Accepted Answer

Fish in the ocean are considered a common resource because they are rival (one person's consumption reduces the amount available for others) and nonexcludable (it is difficult to prevent anyone from accessing and using them).

Fish in the Ocean Are an Example of ________ Because