If, at a low cost, you cannot prevent a person from benefiting from the consumption of a good you produced, the good is

A) excludable.
B) nonexcludable.
C) rival in consumption.
D) nonrival in consumption.

Question

Thian LianUk · Accepted Answer

Final Answer : B, Explanation :  Nonexcludable goods are those from which individuals cannot be easily excluded from using, and if it's at a low cost that you cannot prevent someone from benefiting, it fits the definition of nonexcludable.

If, at a low cost, you cannot prevent a person from benefiting from the consumption of a good you produced, the good is

A) excludable.
B) nonexcludable.
C) rival in consumption.
D) nonrival in consumption.

Definitions

Learning Objectives

Learning Objectives

Related questions

If, at a low cost, you cannot prevent a person from benefiting from the consumption of a good you produced, the good isA) excludable.B) nonexcludable.C) rival in consumption.D) nonrival in consumption.

Definitions

Learning Objectives

Learning Objectives

Related questions

If, at a low cost, you cannot prevent a person from benefiting from the consumption of a good you produced, the good is

A) excludable.
B) nonexcludable.
C) rival in consumption.
D) nonrival in consumption.