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Four Types of Goods and Two Characteristics
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Four Types of Goods and Two Characteristics
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8. The Types of Goods / Four Types of Goods and Two Characteristics / Problem 1
Problem 1
Which of the following best describes a rival good?
A
A good that cannot be consumed unless paid for.
B
A good that can be consumed by multiple people simultaneously without affecting each other's consumption.
C
A good that can only be consumed by one person at a time, preventing others from consuming the same unit.
D
A good that is available to everyone without exclusion.
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