Multiple Choice
Which one of the following statements is false?
A) A nonrival good is a good where consumption by one person does not reduce the quantity that can be consumed by others.
B) An exclusive good is a good to which consumers may be denied access.
C) A good that, once produced is not accessible to all customers, is nonexclusive good.
D) A rival good is a good where consumption by one person reduces the quantity that can be consumed by others.
Correct Answer:

Verified
Correct Answer:
Verified
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