What is meant by a nonrivalrous good?
A) Additional people can consume a good without diminishing another's consumption.
B) There exists a perfectly competitive market for the good.
C) There is only a single consumer of the good.
D) There is only a single producer of the good.

Question

Quizplus · Accepted Answer

A nonrivalrous good is one where additional consumption by one person does not diminish another person's consumption, such as with digital goods or public goods like parks or clean air.

What Is Meant by a Nonrivalrous Good