By non-excludability, economists mean the inability of some firms to prevent certain people from buying a product.

Name: By non-excludability, economists mean the inability of some firms to prevent certain people from buying a product.
Brand: Quizplus
Rating: 4.9 (35 reviews)

Question

Quizplus · Accepted Answer

Non-excludability refers to the inability to prevent people from using a good or service, not from buying it. It is a characteristic of public goods, where individuals cannot be excluded from use regardless of whether they pay for it.

By Non-Excludability, Economists Mean the Inability of Some Firms to Prevent