An Example of a Good That Is Rival in Consumption

question 388

Multiple Choice

An example of a good that is rival in consumption is

• A) flowers planted on the side of the highway.
• B) a floral display at a large university's graduation ceremony.
• C) a scientific discovery that allows florists to grow flowers to which no one is allergic.
• D) none of the above

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Definitions:

Rule Of Thumb

A practical and approximate way of doing or measuring something, based on experience rather than exact calculation.

Academic Problem

A challenge or difficulty encountered in the educational setting, often impacting a student's learning, performance, or progress.

Representativeness Heuristic

A strategy for judging whether an individual, object, or event belongs in a certain category based on how typical of the category it seems to be.

Typical

Representing the characteristics or qualities of a particular group, category, or class; characteristic.