When applied to a public good, 'non-rival' means that Select one: A. Consumption of the good by one person does not reduce the amount available to others B. The resources used in its production could not have been used to produce other goods C. If the good is provided for one person it must be provided for others D. There is a single monopoly supplier of the good
When applied to a public good, 'non-rival' means that Select one: A. Consumption of the good by one person does not reduce the amount available to others B. The resources used in its production could not have been used to produce other goods C. If the good is provided for one person it must be provided for others D. There is a single monopoly supplier of the good
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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When applied to a public good, 'non-rival' means that
Select one:
A. Consumption of the good by one person does not reduce the amount available to others
B. The resources used in its production could not have been used to produce other goods
C. If the good is provided for one person it must be provided for others
D. There is a single monopoly supplier of the good
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