Nonrivalry in consumption and the inability to exclude nonpaying consumers from using the goods are characteristics of what kinds of goods?
A)durable
B)nondurable
C)public
D)private

Question

Nonrivalry in consumption and the inability to exclude nonpaying consumers from using the goods are characteristics of what kinds of goods?
A)​durable
B)​nondurable
C)​public
D)​private

Quizplus · Accepted Answer

Nonrivalry in consumption means that the consumption of the good by one person does not reduce the amount available for others to consume, and the inability to exclude nonpaying consumers means that once the good is produced, it is difficult or impossible to prevent others from using it without paying. These characteristics are present in public goods, which are goods or services that are non-excludable and non-rivalrous.

Nonrivalry in Consumption and the Inability to Exclude Nonpaying Consumers