Question

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

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

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

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

Answer 1

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

Explanation: "Excludable" means producers can prevent people who don't pay from using it (contrasts with non‑excludable goods, which can create free‑rider problems).