Question

A good is non-rival in consumption if ________. one person's use of the good does not preclude consumption by others the government can regulate its production people cannot be prevented from using it the demand for the good increases with an increase in the consumer's income

Answer 1

Answer:

A good is non-rival in consumption if one person's use of the good does not preclude consumption by others.

Explanation:

A good is non-rival in consumption if one person's use of the good does not preclude consumption by others. Rivalry is a term used in economics. When a good is rival it means that its consumption deprives or reduces the possibility of others consuming it. In general non rival goods are intangible. For example, the internet. When a person uses the internet, it doesn't reduce the possibility of others using it. However, a domain, although intangible, it is rival because once it's taken it cannot be used by someone else.