A Good That Is Nonrival but Exclusive Is Called A(n)_____

question 121

Multiple Choice

A good that is nonrival but exclusive is called a(n) _____

• A)luxury good.
• B)public good.
• C)natural monopoly.
• D)inferior good.
• E)open-access good.

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Definitions:

Direct Approach

A straightforward method of communication or problem solving that involves addressing an issue or task head-on.

Receptive

Open and willing to consider or accept new suggestions or ideas.

Negatively

In a harmful, unfavorable, or pessimistic manner that detracts from the positive.

Emotional

Relating to feelings, moods, and emotional states, and the impact they have on behavior and thought processes.