Explain the concept of rivalrous consumption in relation to public goods.

Explain the concept of rivalrous consumption in relation to public goods.

Rivalrous consumption refers to the characteristic of a good or service where one person's use or consumption of it diminishes its availability or utility for others. In the context of public goods, rivalrous consumption means that when one individual benefits from the public good, it reduces the potential benefit or enjoyment for others. This is in contrast to non-rivalrous goods, where one person's consumption does not affect the availability or utility of the good for others. Public goods are typically non-excludable but can vary in terms of rivalrous consumption.