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ADITYA NARAYAN
on Oct 09, 2024

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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 Consumption

A characteristic of certain goods where one person's use does not diminish the availability or quality of the good for others.

Rival Consumption

A situation where one person's consumption of a good reduces the ability of another person to consume the same good.

Nonexcludable

A characteristic of a good or service indicating that it is not possible to prevent non-paying customers from accessing it.

  • Gain an understanding of public goods and their unique traits.
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Mulisa LapaneOct 11, 2024
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