A nonrival good is a good that
A)is produced by a monopoly.
B)is produced by a cartel.
C)can provide benefits to additional users at a zero marginal cost.
D)is sold in a single market.

Question

Quizplus · Accepted Answer

A nonrival good is a good that can provide benefits to additional users at zero marginal cost, meaning that the cost of producing these benefits does not increase as more people use the good. Examples of nonrival goods include public parks, radio broadcasts, and digital files like software and music. Nonrival goods are inherently different from rival goods, such as food or clothing, which can only be used by one person at a time without diminishing the available quantity. Choices A, B, and D do not accurately describe nonrival goods.

A Nonrival Good Is a Good That