Asked by Megan McDermott on May 08, 2024
Verified
A good is excludable if
A) one person's use of the good diminishes another person's enjoyment of it.
B) the government can regulate its availability.
C) it is not a normal good.
D) people can be prevented from using it.
Excludable
Describes a good or service for which it is possible to prevent non-paying consumers from access, through mechanisms like price or physical restrictions.
- Uncover the characteristics of products in terms of their ability to be restricted and their contentiousness when consumed.
Verified Answer
SS
Simran SainiMay 14, 2024
Final Answer :
D
Explanation :
A good is considered excludable if it is possible to prevent people from using it, typically through legal or physical means. This characteristic allows the provider to restrict access to those who have paid for it or have been granted permission.
Learning Objectives
- Uncover the characteristics of products in terms of their ability to be restricted and their contentiousness when consumed.