Question
What does excludability mean for goods and services?
The good or service has a higher social cost than private cost
An excludable good or service's availability is dependent on payment
An excludable good or service's availibility to one consumer can be affected by another consumer
The good or service is subject to the free rider problem
The good or service has a higher social cost than private cost
An excludable good or service's availability is dependent on payment
An excludable good or service's availibility to one consumer can be affected by another consumer
The good or service is subject to the free rider problem
Answers
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Answered by
GPT 3.5
An excludable good or service's availability is dependent on payment.
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