A Good Is Nonrivalrous in Consumption If

question 20

Multiple Choice

A good is nonrivalrous in consumption if

• A)its consumption by one person does not reduce its consumption by others.
• B)its consumption by one person reduces its consumption by others.
• C)it is possible, or not prohibitively costly, to exclude someone from receiving the benefits of the good once it has been produced.
• D)it is impossible, or prohibitively costly, to exclude someone from receiving the benefits of the good once it has been produced.

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Definitions:

Small Businesses

Enterprises with limited employees and revenue, often privately owned and operated, playing a vital role in the economy.

Chain Organizations

Entities or businesses that operate multiple outlets under the same brand or ownership, often in different locations.

Supply Chain

The interconnected network of entities involved in the production, handling, and distribution of goods and services from raw materials to end consumers.

Logistics Manager

A professional responsible for overseeing the supply chain operations, ensuring efficient delivery of goods.