Explain what is meant by nonrival and nonexcludable


Problem

Explain what is meant by a) nonrival and b) nonexcludable. How do these terms relate to the provision and financing of public goods?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Explain what is meant by nonrival and nonexcludable
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