When a good is excludable:
A)one person's consumption of the good prevents or decreases the ability of others to consume it.
B)sellers can prevent people who have not paid for the good from using it.
C)consumers have a perception that the good is scarce.
D)the government enacts specific import policies limiting the good's supply.

Question

Quizplus · Accepted Answer

Excludability refers to the ability of sellers to prevent non-paying consumers from accessing a good. This characteristic allows for the enforcement of property rights, distinguishing private goods from public goods.

When a Good Is Excludable