When a good is excludable:
A) one person's consumption prevents or decreases others' ability to consume it.
B) it is possible for sellers to prevent its use by those who have not paid for 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

If a good is excludable, it means that sellers can prevent its use by those who have not paid for it. This is the defining feature of an excludable good.

When a Good Is Excludable