Asked by
Jamie Perez
on Dec 11, 2024Verified
How does an additional individual's consumption of a good that is nonrival-in-consumption, such as a radio broadcast, affect the amount of the good available to other consumers?
A) The amount available to others will decline.
B) The amount available to others will increase.
C) The amount available to others is unaffected.
D) The amount available to others is eliminated.
Nonrival-in-consumption
Nonrival-in-consumption describes a good or service that can be consumed by multiple people simultaneously without reducing its availability to others.
Radio Broadcast
The transmission of audio content through radio waves to reach a wide audience, commonly used for music, news, and entertainment programming.
Consumers
Individuals or organizations that purchase goods or services for personal use or consumption.
- Understand the principles of nonrivalrous consumption and nonexcludability as they apply to public goods.
Verified Answer
SJ
Learning Objectives
- Understand the principles of nonrivalrous consumption and nonexcludability as they apply to public goods.