A good that is neither rival nor exclusive is called an O a

A good that is neither rival nor exclusive is called a(n): O a. private good b public good. Oc. external good. d. open-access good. e. quasi-private good

Solution

A non rival and non exclusive is callled (b) public goods. The characteristic of non rival means that consumption by one individual doesn’t reduce tge amount available to others. While non exclusive means that once the good is made available to the society, it is extremely difficult to exclude others from consuming the good. For example defence services, street light.