Asked by percy jackson on Jun 06, 2024
Verified
You and your friends watch a movie in your bedroom. For you and your friends, the enjoyment that you get from watching the movie is not rival in consumption.
Rival in Consumption
A characteristic of a good whereby its consumption by one individual prevents simultaneous consumption by another individual.
- Attain comprehension of the distinctions of excludability and rivalry within goods.
Verified Answer
KR
Kauselliya RameshJun 13, 2024
Final Answer :
True
Explanation :
Non-rival in consumption means that one person's use of a product does not reduce its availability for others. In the context of watching a movie in a bedroom, multiple people can enjoy the movie simultaneously without diminishing the enjoyment of others.
Learning Objectives
- Attain comprehension of the distinctions of excludability and rivalry within goods.