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Corn flakes are: (Multiple Choice)

corie

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6 years ago

Corn flakes are: (Multiple Choice)

Corn flakes are
A) a rival good because many firms produce them.
B) a rival good because if another person wants some corn flakes society has to use additional resources to produce corn flakes for that person.
C) a non-rival good because there are only a few firms in the industry.
D) a non-rival good because even if another person wants some corn flakes so many corn flakes are produced that no additional resources are used to satisfy this new customer's needs.
E) a public good.

Textbook

Microeconomics

Edition: 8^th

Author: Pindyck

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Bart_arg

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corie Author

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6 years ago

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