Multiple Choice
Excludability matters because it:
A) allows owners to set an enforceable price on a good.
B) allows consumers to control the price of a good.
C) creates a perceived scarcity that allows the seller to keep the price artificially high.
D) creates a perceived scarcity that causes buyers to have an inelastic demand for the good.
Correct Answer:
Verified
Correct Answer:
Verified
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