When a good is excludable:
A)it is possible for sellers to prevent its use by those who have not paid for it.
B)one person's consumption prevents or decreases others' ability to consume it.
C)consumers have a perception of scarcity of that good.
D)the government has specific import policies limiting its supply.

Question

Quizplus · Accepted Answer

When a good is excludable, sellers have the ability to prevent its use by those who have not paid for it. This means that the good can be restricted only to those who are willing to pay for its use or ownership. For example, a movie can only be watched by those who have paid for a ticket or subscription.

When a Good Is Excludable