To say that a particular good is nonrival means that

Question

Quizplus · Accepted Answer

Nonrival goods are those which can be consumed simultaneously by multiple individuals without depleting the availability for others. Therefore, option C, "consumption of the good by one person does not diminish the availability of the good to others" is the correct answer. Option A is incorrect because a good can be nonrival and still have substitutes. Option B is incorrect because even nonrival goods can have a cost associated with their provision. Option D is incorrect because being the "best" good is subjective and not relevant to the concept of rivalry. Option E is incorrect because it describes a rival good.

To Say That a Particular Good Is Nonrival Means That