When economists say that a good is nonrival in consumption, they mean that
A) no one wants the good.
B) everyone wants the good.
C) the good is widely available.
D) more than one person can enjoy the good at the same time.

Question

Quizplus · Accepted Answer

Nonrival in consumption means that the consumption of a good by one person does not diminish the consumption possibilities of another person. Therefore, more than one person can enjoy the good at the same time. Option A and B are not correct as they state the demand for the good, which is not relevant to whether the good is nonrival or not. Option C is not accurate as the availability of the good does not necessarily determine if it is nonrival or not.

When Economists Say That a Good Is Nonrival in Consumption