Question: 18. If a person can be prevented from using a good, the good is said to be 3. a common resource. b. a public good.

18. If a person can be prevented from using a good, the good is said to be 3. a common resource.

b. a public good.

c. rival in consumption.

d. excludable.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Intermediate Microeconomics Questions!