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) None of these answers is correct.

Question

Quizplus · Accepted Answer

A nonrivalrous good is a good that can be consumed by multiple people without diminishing another's consumption. Examples include digital goods like software or streaming services, as well as public goods like parks or highways.

What Is Meant by a Nonrivalrous Good