If a good is available only to those who pay for it, the good is
A) excludable but not necessarily rival.
B) excludable and rival.
C) rival but not necessarily excludable.
D) nonrival and nonexcludable.

Question

Quizplus · Accepted Answer

If a good is available only to those who pay for it, it means that the good is excludable, meaning non-payers can be excluded from accessing the good. However, the good may or may not be rivalrous, meaning that the consumption of the good by one person does not prevent another person from consuming it. Therefore, the good is excludable but not necessarily rival.

If a Good Is Available Only to Those Who Pay