Nonrivalry,as it relates to public goods,means that:
A) consumer rivalry does not exist in this market.
B) producer rivalry does not exist in this market.
C) consumer-producer rivalry does not exist in this market.
D) government-producer rivalry does not exist in this market.

Question

Quizplus · Accepted Answer

Nonrivalry means that consumption of the good does not reduce its availability to others. In other words, multiple people can benefit simultaneously from the same good without decreasing its value or availability to others. This lack of rivalry makes it difficult for private companies to profit from producing public goods, as they cannot restrict access and charge individual consumers for their use. Therefore, nonrivalry refers to the absence of consumer rivalry in the public goods market.

Nonrivalry,as It Relates to Public Goods,means That