Multiple Choice
Bob owns 5 acres of land. Bob sells the land to a real estate developer who builds a subdivision with 10 houses. The land is an example of a good that is
A) both rival in consumption and excludable.
B) neither rival in consumption nor excludable.
C) excludable, but not rival in consumption.
D) rival in consumption, but not excludable.
Correct Answer:
Verified
Correct Answer:
Verified
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