What does the term non-rival mean?
A) It refers to a market in which there is no competition.
B) The impossibility of preventing non-buyers from enjoying the benefits of a product.
C) It refers to a market where price discrimination is practiced.
D) It means that one person's consumption doesn't reduce the amount available for others.
Correct Answer:
Verified
Q21: What are external benefits?
A)The benefits that are
Q22: Which of the following products are non-excludable?
A)Education
Q23: Q24: Which of the following is true concerning Q25: If the government imposes a tax on Q27: What is a private good? Q28: Which of the following terms refers to Q29: Which of the following terms refers to Q30: Which of the following statements is true Q31: What does the term non-excludable mean?
A)A good whose
A)It means
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents