Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

When a good is nonexcludable it means that one person's use of a good does not diminish the amount available for others to consume one

When a good is "nonexcludable" it means that

one person's use of a good does not diminish the amount available for others to consume

one person's use of a good diminishes the amount available for others to consume

the owner of the good can prevent others from consuming the good

the owner of the good cannot prevent others from consuming the good

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economics

Authors: Campbell McConnell, Stanley Brue, Sean Flynn

21st Edition

1259723224, 9781259723223

More Books

Students also viewed these Economics questions

Question

2. Ask questions, listen rather than attempt to persuade.

Answered: 1 week ago