Asked by Mariah Donnally on May 06, 2024
Verified
Concerts in arenas are not excludable because it is virtually impossible to prevent someone from seeing the show.
Excludable
A characteristic of a good or service whereby it is possible to prevent non-paying customers from having access to it.
Concerts
Live performances of music before an audience, ranging from solo performances to ensemble or orchestral presentations.
- Absorb the fundamentals of excludability and rivalry pertaining to goods.
Verified Answer
AS
Anisha SayaniMay 13, 2024
Final Answer :
False
Explanation :
Concerts in arenas are excludable because organizers can prevent people who haven't bought a ticket from entering the venue and seeing the show.
Learning Objectives
- Absorb the fundamentals of excludability and rivalry pertaining to goods.