An Example of a Good That Is Rival in Consumption

question 388

Multiple Choice

An example of a good that is rival in consumption is

• A) flowers planted on the side of the highway.
• B) a floral display at a large university's graduation ceremony.
• C) a scientific discovery that allows florists to grow flowers to which no one is allergic.
• D) none of the above

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Definitions:

Accord

An agreement in law, specifically one that settles a dispute between parties by mutual consent.

Satisfaction

The fulfillment or gratification of a desire, need, or appetite.

Consideration

Something of value that is exchanged between parties in a contract, making the agreement legally binding and enforceable.

Dangerously Obese

A condition characterized by an extremely high body mass index (BMI), posing serious health risks.