If the owner of a type of technology is able to successfully preclude others from using the good, this type of technology could be classified as a(n)
A)nonexcludable good.
B)excludable good.
C)rival good.
D)normal good.
E)nontradable good.

Question

Quizplus · Accepted Answer

An excludable good can be restricted to use by only those who have permission or pay for it. If the owner is able to preclude others from using the technology, it means that it is excludable. Nonexcludable goods, on the other hand, cannot be restricted and can be used freely by anyone. Rival goods refer to goods that cannot be shared amongst different users as one person's use would affect another's access/use of the good. Normal and nontradable goods are not relevant to this concept.

If the Owner of a Type of Technology Is Able