Goods that are rival in consumption include both

A) club goods and public goods.
B) public goods and common resources.
C) common resources and private goods.
D) private goods and club goods.

Question

Goods that are rival in consumption include bothA) club goods and public goods.B) public goods and common resources.C) common resources and private goods.D) private goods and club goods.

ariel bustillos · Accepted Answer

Final Answer : C, Explanation :  Goods that are rival in consumption mean that one person's use of the good diminishes another person's ability to use it. This characteristic applies to common resources, like fish in the ocean, and private goods, like a slice of pizza. Club goods and public goods are not rival in consumption; for example, public goods can be used by many without diminishing availability to others.

Goods that are rival in consumption include both

A) club goods and public goods.
B) public goods and common resources.
C) common resources and private goods.
D) private goods and club goods.

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Learning Objectives

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