For a good to be nonrival, then
A) one person's consumption of that good does not decrease another person's consumption of that good.
B) a person cannot be prevented from consuming that good even if he or she did not pay for it.
C) a person is willing to pay any price to ensure that the product is available.
D) a person is not willing to pay for the good because even without paying for it, the person can consume the good anyway.
A
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Refer to Figure 13-8. Based on the diagram, one can conclude that
A) some existing firms will exit the market. B) the industry is in long-run equilibrium. C) new firms will enter the market. D) firms achieve productive efficiency.
A mezzanine fund
A) will never buy equity in a company. B) may buy only equity in a company. C) may buy a combination of equity and convertible debt in a company. D) may buy a combination of equity and straight debt in a company.