Ask Question
18 February, 11:31

Explain what is meant by a good being "excludable." Explain what is meant by a good being "rival in consumption."

+2
Answers (1)
  1. 18 February, 13:09
    0
    If you can prevent a nonpaying consumer from having access to a good or service, that good is excludable. For example, only clients that buy a ticket can enter a movie theater and watch the movie.

    A good or service that can be consumed by only one consumer (or a specific number of consumers) is rival in consumption because other people cannot consume them simultaneously. For example, once the movie theater sold out, no more people can get inside and watch the movie.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Explain what is meant by a good being "excludable." Explain what is meant by a good being "rival in consumption." ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers