Which Type of Good Is Rival in Consumption, but Not

question 104

Multiple Choice

Which type of good is rival in consumption, but not excludable?

• A)Common resource
• B)Private
• C)Public
• D)Artificially scarce

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Definitions:

"As is" Basis

A term used to indicate that an item is being sold in its current state, with any existing faults or conditions, and without warranty.

Production Planning

The process of organizing and controlling all aspects of the production process, from sourcing raw materials to scheduling workforce and machinery.

Forecasts

Predictions or estimates of future events or trends, particularly regarding weather or economic conditions.

Sales and Marketing

The combined processes of creating interest in products or services, identifying potential buyers, and ultimately selling to those customers.