If a Good Becomes Less Valuable as a Result of One

question 10

Multiple Choice

If a good becomes less valuable as a result of one consumer's use of the good,but does not become worthless to other consumers,that good is:

• A) purely excludable.
• B) partially excludable.
• C) purely rival.
• D) partially rival.

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Definitions:

Charitable Donations

Financial or material contributions given to nonprofit organizations or causes for philanthropic purposes.

Implied Powers

Powers not explicitly stated in a constitution or legal document but deemed necessary to execute the powers that are expressly stated.

De Facto Corporation

Latin for “corporation in fact” a corporation that has not substantially met the requirements of the state incorporation statutes.

Incorporation Statute

Laws enacted by a state that outline the requirements for forming and operating a corporation within that state.