A Good or Resource That Is Both Nonrival and Nonexcludable

question 71

Multiple Choice

A good or resource that is both nonrival and nonexcludable is

• A) a good that is impossible to produce.
• B) a private good.
• C) a common resource.
• D) a public good.
• E) nonexistent because it is impossible for a good or resource to be both nonrival and nonexcludable.

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Definitions:

Output-Related

Pertaining to the results or outputs generated by a process, system, or organization.

Units Sold

Refers to the total quantity of products that have been sold within a specific time period.

Sales Objective

A goal or target set by a business or sales team to achieve within a specific period, often quantified by sales volume or revenue.

Output-Related

Describes any aspect or metric that is directly tied to the production or results of a process or system.