Question: If a good is nonrival, then: Multiple Choice it has no substitutes. consumers can enjoy it without paying for it. consumption of the good by

If a good is nonrival, then:

Multiple Choice

  • it has no substitutes.
  • consumers can enjoy it without paying for it.
  • consumption of the good by one person does not diminish its availability to others.
  • consumption of the good by one person diminishes its availability to others.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!