In economics,a rival good is one that:
A) cannot be consumed by more than two persons at a time.
B) can be consumed by more than one person at a time.
C) can be consumed by more than one person at a time but is congested.
D) cannot be consumed by more than one person at a time.
E) none of the above
Correct Answer:
Verified
Q2: In perfect competition,the price _;and in a
Q3: To get increasing returns to scale using
Q4: In economics,a nonrival good is one that:
A)cannot
Q5: If Y is a good's output,X is
Q6: The markup is defined as:
A)the percentage of
Q8: Which of the following are nonrival goods?
A)a
Q10: If there are large fixed costs,due to
Q11: Which of the following are (an)example(s)of idea(s)?
A)new
Q12: With the production function Q15: Because, in many industries the cost of
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