Which of the following terms refers to the impossibility of preventing non-buyers from enjoying the benefits of a product?
A)Non-consumption.
B)Non-excludable.
C)Non-rival.
D)Externalities.

Question

Quizplus · Accepted Answer

The term "non-excludable" specifically refers to the inability to prevent non-buyers from enjoying the benefits of a product, which is also known as "free riding". Non-consumption refers to the lack of demand for a product, non-rival refers to the ability of multiple individuals to use the same product without diminishing its value, and externalities refer to costs or benefits that affect third parties not directly involved in the transaction.

Which of the Following Terms Refers to the Impossibility of Preventing