Spring is here, and Ginny and her uncle would like to go fishing for the weekend in Washington. Ginny could either go to the river in town where anyone can fish without a permit, or she could drive up to a stream located on her family's property in the countryside to fish. Assume that, no matter where people fish, all of the fish that are caught would be kept (that is, there is no "catch and release" policy).
Fill in the blanks with appropriate options given below:
1. The fish in the private stream are considered_and whereas the fish in the river are(Rival in consumption/ nonrival in consumption) and (Excludable/ nonexcludable) . In other words, the fish in the private stream are an example of (A public good/ private good/ club good/ common resource) , and the fish in the river are an example of (A public good/ private good/ club good/ common resource).
Options:
a. Rival in consumption/ nonrival in consumption
b. Excludable/ nonexcludable
c. Rival in consumption/ nonrival in consumption
d. Excludable/ nonexcludable
e. A public good/ private good/ club good/ common resource
d. A public good/ private good/ club good/ common resource

Excludable Goods can be feasibly prevented to be consumed by non payers . Rival goods consumption doesn't reduce their availability to be consumed by other consumers

Private stream fish are feasibly prevented to be used by others for free , so are excludable . However , catching of fish by one reduces the fishes to be caught by others & so is Rival . Such Excludable , Rival goods are 'Private Goods'

Free access river cant be feasibly prevented to be used by others for free , so are Non Excludable . However (similar) , catching of fish by one reduces the fishes to be caught by others & so is Rival . Such Non Excludable , Rival Goods are 'Common Goods' . These have over exploitation risk as per a theory 'Tragedy of Commons'