If it is impossible to prevent someone from benefiting from a good regardless of whether or not the person paid for it, then the good is

A) nonrival.
B) rival.
C) nonexcludable.
D) excludable.

C

Economics

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The inflation rate measures the percentage increase in the price level from one year to the next

Indicate whether the statement is true or false

Economics

The free-rider problem is encountered when

A) someone benefits from the consumption of a public good without paying his or her full share. B) all individuals who consume a public good pay for it. C) all goods consumed and produced are private goods. D) all individuals are willing to pay for what they consume.

Economics