Classifying a good as excludable means
A) that anyone who does not pay for the good cannot consume it.
B) that consumption of the good generates no externalities.
C) that a producer with patent or copyright protection can exclude any other producer from selling the product.
D) that someone can be barred from consuming the good based on race, ethnicity, or some other irrelevant characteristic.
A
Economics
You might also like to view...
The chair of the Board of Governors of the Fed is appointed by the president
a. True b. False Indicate whether the statement is true or false
Economics
Worldwide statistics prove that, when economies experience recessions, unemployment rates rise and wages fall
a. True b. False Indicate whether the statement is true or false
Economics