Nonrivalry Is a Feature of

question 101

Multiple Choice

Nonrivalry is a feature of

• A) all nonexcludable goods.
• B) excludable goods.
• C) goods but not services.
• D) public goods.

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Definitions:

Unavoidable

Refers to events or outcomes that cannot be prevented or avoided.

Effective Utilization

The degree to which a resource, such as equipment or labor, is used effectively to produce goods or services.

Bottleneck

A machine or some other part of a process that limits the total output of the entire system.

Defective Units

Products that fail to meet quality standards or specifications and are therefore unfit for sale or use.