Asked by Adrian Barrett on May 25, 2024
Verified
If no one can be prevented from using good x, then good x is one of two types of goods. What are those two types?
Prevented
Describes a situation or action that has been stopped or hindered from occurring, often through intervention or precautionary measures.
- Analyze the characteristics of goods and services in terms of their exclusivity and contest in consumption.
Verified Answer
MS
mandeep sandhuMay 28, 2024
Final Answer :
As described, good x is not excludable, so it must be either a common resource or a public good.
Learning Objectives
- Analyze the characteristics of goods and services in terms of their exclusivity and contest in consumption.