Analyze and explain what is mean by a good being excludable. Discuss what is meant by a good being rival in comsumption" is it rival in consumption? Defend your answer
Added by Karen B.
Step 1
A good is considered excludable if it is possible to prevent individuals from accessing or consuming the good if they do not pay for it. This typically involves the ability to enforce property rights or access control mechanisms. For example, a private television Show more…
Show all steps
Your feedback will help us improve your experience
Sanchit Jain and 87 other Microeconomics educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
If one person's consumption of a good does not preclude another's consumption, the good is said to be: A. nonrival in consumption. B. rival in consumption. C. nonexcludable. D. excludable.
Sanchit J.
Public goods are Neither excludable nor rivalrous Excludable, but not rivalrous Not excludable, but are rival Rival and excludable
Willis J.
a non excludable good will necessarily have issues of both overconsumption and underproduction. Is this statement true or false and why .
Rachel G.
Recommended Textbooks
Principles of Economics
Principles of Microeconomics for AP® Courses
Economics
Transcript
Watch the video solution with this free unlock.
EMAIL
PASSWORD