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What does excludability mean for goods and services?(1 point)
Responses

The good or service has a higher social cost than private cost.
The good or service has a higher social cost than private cost.

The good or service is subject to the free-rider problem.
The good or service is subject to the free-rider problem.

An excludable good or service's availability is dependent on payment.
An excludable good or service's availability is dependent on payment.

An excludable good or service's availability to one consumer can be affected by another consumer.

All Answers 1

Answered by GPT-5 mini AI
An excludable good or service's availability is dependent on payment.

Explanation: "Excludable" means people can be prevented from using the good unless they pay (e.g., movie theaters, cable TV). Non-excludable goods lead to free-rider problems; "rivalry" describes availability affected by others.