Define rivalry and excludability and use these terms to discuss the four categories of goods. Rivalry...

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Define rivalry and excludability and use these terms to discuss the four categories of goods. Rivalry is the situation that occurs when O A. anyone who does not pay for a good cannot consume it. B. one person's consuming a unit of a good means no one else can consume it. O C. it is impossible to exclude others from consuming the good, whether they have paid for it or not. O D. one person's consumption does not interfere with another person's consumption. Excludability is the situation that occurs when A. one person's consuming a unit of a good means no one else can consume it. O B. it is impossible to exclude others from consuming the good, whether they have paid for it or not. OC. one person's consumption does not interfere with another person's consumption. O D. anyone who does not pay for a good cannot consume it. private good a public good is a quasi-public good is a common resource is ▼and and and and and Define rivalry and excludability and use these terms to discuss the four categories of goods. Rivalry is the situation that occurs when O A. anyone who does not pay for a good cannot consume it. B. one person's consuming a unit of a good means no one else can consume it. O C. it is impossible to exclude others from consuming the good, whether they have paid for it or not. O D. one person's consumption does not interfere with another person's consumption. Excludability is the situation that occurs when A. one person's consuming a unit of a good means no one else can consume it. O B. it is impossible to exclude others from consuming the good, whether they have paid for it or not. OC. one person's consumption does not interfere with another person's consumption. O D. anyone who does not pay for a good cannot consume it. private good a public good is a quasi-public good is a common resource is ▼and and and and and

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1 Answer B one person consuming a unit of good means no one else can co... View the full answer