Asked by Jamison Eddleman on Jun 16, 2024
Verified
A good that is excludable is one that someone can be prevented from using if she did not pay for it.
Excludable
A characteristic of a good or service that allows its owner to prevent others from using it without paying for it.
- Acquire knowledge on the notion of excludability and competitive interaction in goods.
Verified Answer
KP
Kelly PesciottaJun 22, 2024
Final Answer :
True
Explanation :
A good is considered excludable if it is possible to prevent people who have not paid for it from having access to it. This characteristic allows the provider to restrict its use to paying customers.
Learning Objectives
- Acquire knowledge on the notion of excludability and competitive interaction in goods.