A Good Is Considered Nonrival-In-Consumption If

question 143

Multiple Choice

A good is considered nonrival-in-consumption if

• A) many individuals can share in the consumption of the same unit of the good.
• B) the consumption of the good by one individual lowers the amount available for others.
• C) even nonpaying customers can receive the full benefit from the good.
• D) its production is financed through tax revenue rather than market prices.

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Definitions:

Technology Use

The application and implementation of scientific knowledge for practical purposes, especially in industry and everyday life through devices, systems, and methods.

Internet Users

Individuals who use the internet to access information, communicate, or engage in other activities online.

Mobile Device

Electronic gadgets that are portable, often capable of connecting to the internet and running applications, such as smartphones and tablets.

Social Media

Platforms and websites that facilitate interactive and social communication among users, enabling sharing of content and ideas.