A non-rival good:
A)is also nonexclusive.
B)is also exclusive.
C)must be free.
D)is one where the consumption of the good by one person does not reduce the quantity available for consumption by another person.

Question

Quizplus · Accepted Answer

Non-rival goods are goods that can be consumed by one individual without reducing its availability to others. Choice A is incorrect because a non-rival good does not necessarily mean that it is nonexclusive. Choice B is incorrect because a non-rival good is not exclusive. Choice C is incorrect because the fact that a non-rival good is free is not a requirement for it to be a non-rival good. A non-rival good is defined as a good where the consumption by one person does not reduce the quantity available for consumption by another person. This means that multiple people can consume the good without diminishing the availability for others. The other options are not correct as non-rival goods do not have to be nonexclusive or free.

A Non-Rival Good