An Example of a Good That Is Rival in Consumption

question 218

Multiple Choice

An example of a good that is rival in consumption and nonexcludable is:

• A)public parks.
• B)public policy, such as national economic policy.
• C)private beaches.
• D)national defense.

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Definitions:

Entrepreneur-Intended

Describes a person or action deliberately aimed at creating new ventures or businesses, typically with a plan and intention to grow.

Market Sizing

A method of estimating the number of potential customers and possible revenue or profitability of a product or service.

Customer Base

The group of customers or consumers who repeatedly purchase the goods or services of a business, forming the foundation of the company's sales.

Revenue Potential

An estimate of the amount of money a business can generate from its activities within a certain period.