When a good is nonrival in consumption, the most efficient price for the consumption of the good is:
A)zero.
B)determined by producers.
C)greater than zero.
D)equal to the market price of a similar rival good.

Question

Quizplus · Accepted Answer

When a good is nonrival in consumption, it means that one person's consumption does not reduce the availability for others. Therefore, the most efficient price is zero, as charging a price would unnecessarily restrict consumption without any cost to society.

When a Good Is Nonrival in Consumption, the Most Efficient