A good is nonrivalrous in consumption if
A) its consumption by one person does not reduce its consumption by others.
B) its consumption by one person reduces its consumption by others.
C) it is possible, or not prohibitively costly, to exclude someone from receiving the benefits of the good once it has been produced.
D) it is impossible, or prohibitively costly, to exclude someone from receiving the benefits of the good once it has been produced.
E) a and d
Correct Answer:
Verified
Q111: The excludability versus nonexcludability issue is
A)relevant to
Q112: If the consumption of a good by
Q113: Exhibit 30-3 Q114: The rivalry versus nonrivalry issue is Q115: A nonexcludable public good is Q117: A tax may be used as a Q118: Which of the following is an example Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)relevant to
A)nonrivalrous in consumption.
B)rivalrous
