Though markets can provide goods which are excludable but nonrival, they do so at the price of:

Question

Quizplus · Accepted Answer

Markets may provide goods that are excludable but nonrival, which means that individuals who do not pay cannot use the good, but using the good by one individual does not lessen its availability for others. However, markets often provide these goods inefficiently, or at a higher cost than they would be provided through government intervention or regulation.

Though Markets Can Provide Goods Which Are Excludable but Nonrival