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

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter11: Public Goods And Common Resources
Section: Chapter Questions
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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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