A Good Is Nonrival If

question 22

Multiple Choice

A good is nonrival if

• A) only the government can produce it.
• B) when you pay for the good, you are guaranteed to be the sole consumer.
• C) nobody can be excluded from enjoying the benefits of the good.
• D) when you consume a unit, you have not decreased the amount left for consumption by other people.
• E) anybody can be excluded from enjoying the benefits of the good.

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Definitions:

Persuade

The act of convincing someone to do or believe something through reasoning or argument.

Close

To conclude or bring to an end; in financial contexts, it refers to the end of a trading session.

Business Report

A document that presents information in an organized format for a specific audience and purpose, often used to communicate research findings, analysis, or recommendations.

Functions

The roles or activities that an individual, group, or thing is expected to perform or fulfill.