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If a good is rival, this means

stars_and_moon

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7 years ago

If a good is rival, this means

If a good is rival, this means
A) it is possible to exclude someone from consuming the good.
B) any one person's consumption diminishes the amount of the good that is available for everyone else.
C) there are a lot of consumers that want to purchase the good.
D) there is a lot of competition of firms producing the good.

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kingby

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stars_and_moon Author

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#2

7 years ago

I figured, great answer

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kingby

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#3

7 years ago

I was slightly debating this one, thanks for the feedback

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