A commodity is called appropriable when:
A)firms or consumers can capture its full economic value.
B)firms or consumers can not capture its full economic value
C)firms or consumers can capture only a small part of its economic value
D)none of the above.

Question

Quizplus · Accepted Answer

An appropriable commodity is one that firms or consumers can capture its full economic value. This means that they can fully benefit from the ownership or control of the commodity, without losing out on any potential profits or benefits that the commodity may offer. In contrast, non-appropriable commodities are those that cannot be fully owned or controlled by any one party, such as public goods or natural resources with no clear property rights.

A Commodity Is Called Appropriable When