What does the term non-excludable mean?
A)It means that prospective buyers cannot be prevented from buying a particular product.
B)The impossibility of preventing non-buyers from enjoying the benefits of a product.
C)It refers to a market where price discrimination cannot be practiced.
D)It means that one person's consumption doesn't reduce the amount available for others.

Question

Quizplus · Accepted Answer

Non-excludable means that it is impossible to prevent non-buyers from enjoying the benefits of a product. This is because the product or service is available to anyone who wants to use it, regardless of whether they have paid for it or not. Examples of non-excludable goods include public parks, streetlights, and national defense.

What Does the Term Non-Excludable Mean