Question

Reggie owns 3 acres of beautiful wooded land. When Reggie decides to move to be closer to his grandchildren, he donates the land to the state with the understanding that the land will be used as a state park. This state park is large enough that it is not congested. It is an example of a good that is a. nonrival in consumption and excludable. b. both rival in consumption and excludable. c. rival in consumption and nonexcludable. d. neither rival in consumption nor excludable.

Answer 1

Answer:

a. nonrival in consumption and excludable.

Explanation:

Since in the given situation it is mentioned that he donated the land to the state so that the land can be used for the state park so here it should represent an example of non-rivalry that means there is no competition with respect to the consumption and the same should not be incuded

Therefore the option a is correct