Asked by
Dallas Weathers
on Nov 17, 2024
Verified
Goods that are rival in consumption but not excludable would be considered
A) club goods.
B) common resources.
C) public goods.
D) private goods.
Common Resources
Natural or man-made resources that are not owned by anyone, are available for use by more than one person, and can be depleted.
- Determine and differentiate between the quartet of goods types: private goods, public goods, common resources, and club goods.
- Elucidate the standards determining when goods are considered rivalrous and excludable, and the effect of these characteristics on their categorization.
Verified Answer
ML
Learning Objectives
- Determine and differentiate between the quartet of goods types: private goods, public goods, common resources, and club goods.
- Elucidate the standards determining when goods are considered rivalrous and excludable, and the effect of these characteristics on their categorization.