Respuesta :
Answer:
... whereas the fish in the private pond are rival in consumption and excludable.
... the fish in the river are an example of common resource, and the fish in the private pond are an example of private good.
* the first sentence is wrong, the fish in the river are nonexcludable since anyone can fish on the river, or at least try to.
Explanation:
If a good is rival in consumption, it means that if one person consumes it, it will lower the ability of another person to consume the good.
If a good is excludable, ten it can only be consumed by those that are willing and able to pay for it.
When a good is both nonexcludable and rival in consumption, it s a common resource.
A private good is both rival in consumption and excludable
The fish in the river are considered non rival and not excludable whereas the fish in the private pond are rival and excludable. The fish in the river are an example of common resource and the fish in the private pond are an example of private good
A common resource is a good that is not excludable but it is rivalled in consumption. A river is accessible to anyone, Anyone can decided to come and fish at the river. This makes it nonexcludable. But, once a fish has been caught, that fish has left the river and cannot be caught by another person. This is makes it a rivalled good.
A private good is a good that is excludable and rivalled. Not everyone has access to the private pond : only owners of the pond and those they are allow. This makes the pond excludable.
To learn more about private goods, please check: https://brainly.com/question/13037059?referrer=searchResults
