pointeIf you can prevent someone from consuming a good, that good is calledA. nonexcludable.B. rival.C. a public good.D. excludable.E. nonrival.

If a good is prevented from its consumption, then it is an example of a private good.

Answered: If you can prevent someone from…

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If you can prevent someone from consuming a good, that good is called

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter5: Difficult Cases For The Market And The Role Of Government

Section: Chapter Questions

Problem 5CQ

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pointe
If you can prevent someone from consuming a good, that good is called
A. nonexcludable.
B. rival.
C. a public good.
D. excludable.
E. nonrival.

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