When a good is nonrival in consumption,its MOST efficient price is:
A)zero.
B)determined by producers.
C)greater than zero.
D)equal to the market price of a similar rival good.

Question

Quizplus · Accepted Answer

Nonrival goods do not diminish in value as more people use them, meaning the marginal cost of providing the good to an additional person is zero. Therefore, the most efficient price for nonrival goods is zero to ensure maximum social welfare and access.

When a Good Is Nonrival in Consumption,its MOST Efficient Price