A good is nonexcludable if no externalities, either negative or positive, are associated with its production or consumption.

Name: A good is nonexcludable if no externalities, either negative or positive, are associated with its production or consumption.
Brand: Quizplus
Rating: 4.9 (39 reviews)

Question

Quizplus · Accepted Answer

Nonexcludability refers to the inability to prevent non-paying consumers from accessing a good, and is not directly related to the presence or absence of externalities.

A Good Is Nonexcludable If No Externalities, Either Negative or Positive