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26 September, 10:09

A traffic light at an intersection is

a. rival and excludable in consumption.

b. not rival but excludable in consumption.

c. rival but not excludable in consumption.

d. not rival and not excludable in consumption.

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Answers (1)
  1. 26 September, 12:56
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    The correct answer is option d.

    Explanation:

    A traffic light at an intersection is a public good. Its consumption is neither rival nor excludable. More than one person can use a traffic light at the same time and it will not reduce the consumption of the other person. So we can say its consumption is non-rival in nature.

    Its consumption is also non-excludable as you cannot stop a person from using traffic lights.
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Home » Business » A traffic light at an intersection is a. rival and excludable in consumption. b. not rival but excludable in consumption. c. rival but not excludable in consumption. d. not rival and not excludable in consumption.
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