Which One of the Following Statements Is False

question 67

Multiple Choice

Which one of the following statements is false?

• A)A nonrival good is a good where consumption by one person does not reduce the quantity that can be consumed by others.
• B)An exclusive good is a good to which consumers may be denied access.
• C)A good that, once produced is not accessible to all customers, is nonexclusive good.
• D)A rival good is a good where consumption by one person reduces the quantity that can be consumed by others.

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Definitions:

Initials

The first letters of each word in a person's name, often used as a shorthand or signature.

Complimentary Closing

A polite phrase used to conclude a letter or email before the sender's signature.

Business Letter

A formal document used for communication between companies or between a company and its clients, suppliers, or other stakeholders.

Closing

In business, refers to the final steps in completing a transaction or deal; in medicine, it can refer to the suturing or sealing of a wound or surgical incision.