Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If a good becomes less valuable as a result of one consumer's use of the good, but does not become worthless to other consumers, that

If a good becomes less valuable as a result of one consumer's use of the good, but does not become worthless to other consumers, that good is:

(a) purely rival.

(b) purely excludable.

(c) partially excludable.

(d) partially rival.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Using R For Econometrics

Authors: Florian Heiss

1st Edition

1523285133, 9781523285136

More Books

Students also viewed these Economics questions

Question

Provide some explanations for the profit shortfall.

Answered: 1 week ago

Question

Describe the three types of data flows.

Answered: 1 week ago