If a good is nonrival in consumption and a positive price is charged by the supplier:
A)more people want to use this good at the supplier's price than at the efficient price.
B)consumption of it is inefficiently low.
C)free-riding occurs.
D)there is a socially optimal level of consumption.

Question

Quizplus · Accepted Answer

Nonrival goods can be enjoyed by multiple individuals simultaneously without diminishing the benefits received. When a positive price is charged by the supplier, consumers may not consume at the efficient level due to the price. This leads to consumption being inefficiently low.

If a Good Is Nonrival in Consumption and a Positive