Multiple Choice
A good is a nonexcludable if
A) its consumption by one person does not reduce its consumption by others.
B) it is impossible to prevent people from obtaining the benefits of the good once it has been produced.
C) no negative externalities are associated with its production and consumption.
D) it is free in the first place; that is, it is so abundant that people can get all they want at zero price.
Correct Answer:
Verified
Correct Answer:
Verified
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