Asked by Victoria Matthews Medina on Apr 29, 2024
Verified
If, at a low cost, you cannot prevent a person from benefiting from the consumption of a good you produced, the good is
A) excludable.
B) nonexcludable.
C) rival in consumption.
D) nonrival in consumption.
Nonexcludable
A characteristic of a good where it is not possible to prevent individuals from accessing or consuming the good.
- Distinguish between rival and nonrival, excludable and nonexcludable goods.
Verified Answer
TL
Thian LianUkMay 01, 2024
Final Answer :
B
Explanation :
Nonexcludable goods are those from which individuals cannot be easily excluded from using, and if it's at a low cost that you cannot prevent someone from benefiting, it fits the definition of nonexcludable.
Learning Objectives
- Distinguish between rival and nonrival, excludable and nonexcludable goods.
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