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At the local park there is a playground for children to use. While anyone is allowed to use the playground, it is often very busy, reducing the enjoyment of many of the children who use it. The playground is aGroup of answer choicesprivate good.club good.common resource.public good.

Question

At the local park there is a playground for children to use. While anyone is allowed to use the playground, it is often very busy, reducing the enjoyment of many of the children who use it. The playground is aGroup of answer choicesprivate good.club good.common resource.public good.

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Solution

The playground in this scenario is a common resource. This is because it is non-excludable, meaning anyone can use it, and it is rivalrous, meaning one person's use of the playground can interfere with another person's use of it (it gets less enjoyable when it's busy).

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At the local park there is a playground for children to use. While anyone is allowed to use the playground, it is often very busy, reducing the enjoyment of many of the children who use it. The playground is a acommon resource. bpublic good. cclub good. dprivate good.

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