A Good Is Rival If

question 36

Multiple Choice

A good is rival if

• A) it has substitutes.
• B) it can be consumed by many people simultaneously.
• C) it is excludable.
• D) consumption by one person decreases the quantity available for another person.
• E) it has no complements.

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Definitions:

Fixed Intervals

Regular, predetermined periods of time during which certain activities or operations occur.

Equal Cash Flows

A series of identical cash inflows or outflows occurring over a specified period.

Annuity

A series of equal cash receipts spaced equally in time; a series of equal net cash flows at fixed time intervals.

Sensitivity Analysis

A form of analysis that considers the impact of changing one or more inputs or assumptions on the resulting outcome.