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21 December, 18:13

A good is nonrivalrous in consumption ifa. its consumption by one person does not reduce its consumption by othersb. its consumption by one person reduces its consumption by othersc. it is possible, or not prohibitively costly, to exclude someone from receiving the benefits of the good once it has been producedd. it is impossible, or prohibitively costly, to exclude someone from receiving the benefits of the good once it has been producede. a and d

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  1. 21 December, 18:18
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    Answer: Option (a) is correct.

    Explanation:

    The goods are non rivalrous in nature if its consumption by one person doesn't reduce the supply of that for the other person or we can say that the utility derived from that good after the consumption by one person remains the same.

    These are the public goods in which we cannot exclude someone from consuming it.

    There are certain examples of public goods such as street lights, beaches, public parks, etc.
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