Asked by Annabelle Beauchamp on Apr 28, 2024
Verified
If one person's consumption of a good does not preclude another's consumption, the good is said to be
A) nonrival in consumption.
B) rival in consumption.
C) nonexcludable.
D) excludable.
Nonrival
A characteristic of a good or service where its use by one person does not reduce its availability to others.
Consumption
The use of goods and services by households or individuals, constituting one of the primary components of economic activity.
- Learn about the economic implications of nonrivalry and nonexcludability regarding public goods.
Verified Answer
SL
Shaee LoveeMay 02, 2024
Final Answer :
A
Explanation :
Nonrival goods can be consumed simultaneously by multiple individuals without reducing the availability of the good for others. Examples include public parks, digital media, and radio broadcasts.
Learning Objectives
- Learn about the economic implications of nonrivalry and nonexcludability regarding public goods.