An exclusive property right is one that:
A) lets anyone use a resource without cost to society.
B) allows its owners to prevent others from using a resource.
C) equates marginal benefits to marginal costs.
D) can be sold or leased to someone else.

Question

Quizplus · Accepted Answer

An exclusive property right allows its owner to prevent others from using a resource. This means that the owner has the sole authority to use or exclude others from using the resource, providing them with an exclusive right. Other options are incorrect as they do not portray the characteristics of an exclusive property right.

An Exclusive Property Right Is One That