Exhibit 16.1

-Refer to Exhibit 16.1.In Box D,a good that is nonrival and nonexclusive is _____

Name: Exhibit 16.1 -Refer to Exhibit 16.1.In Box D,a good that is nonrival and nonexclusive is _____
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Question

Exhibit 16.1
 
-Refer to Exhibit 16.1.In Box D,a good that is nonrival and nonexclusive is _____

Quizplus · Accepted Answer

A good that is nonrival and nonexclusive is considered a public good. Public goods are nonrival because consumption by one person does not reduce the amount available for others, and nonexclusive because it is difficult to exclude people from using the good once it is provided.

Exhibit 16.1 -Refer to Exhibit 16.1.In Box D,a Good That Is Nonrival