An excludable good or service's availability is dependent on payment.
What does excludability mean for goods and services?(1 point)
Responses
The good or service is subject to the free-rider problem.
The good or service is subject to the free-rider problem.
The good or service has a higher social cost than private cost.
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 availability is dependent on payment.
An excludable good or service's availability to one consumer can be affected by another consumer.
1 answer
1 answer