A common resource is

A) excludable and rival in consumption.
B) nonexcludable and rival in consumption.
C) excludable and nonrival in consumption.
D) nonexcludable and nonrival in consumption.

Common Resource

A resource that is nonexcludable but rival in consumption.

Nonexcludable

A characteristic of a good or service that prevents people from being excluded from using it, often leading to challenges in private market provision.

Rival In Consumption

Goods or services that cannot be enjoyed by more than one person at the same time, as the consumption by one prevents that by another.