If one person's consumption of a good does not preclude another's consumption, the good is said to be
A) nonrival in consumption.
B) rival in consumption.
C) nonexcludable.
D) excludable.

Question

Quizplus · Accepted Answer

Nonrival in consumption means that one person's consumption of the good does not diminish the availability of the good for others to consume. This is opposed to rival in consumption, where one person's consumption of the good does limit the availability of the good for others. Nonexcludable goods are those that cannot be easily restricted or kept from being consumed by non-payers, while excludable goods can be readily controlled and kept from non-payers. The given description fits best with the concept of nonrival in consumption.

If One Person's Consumption of a Good Does Not Preclude