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what does excludability mean for goods and services? (1 point) the good…

Question

what does excludability mean for goods and services? (1 point)
the good or service has a higher social cost than private cost.
the good or service is subject to the free - rider problem.
an excludable good or services availability is dependent on payment.
an excludable good or services availability to one consumer can be affected by another consumer

Explanation:

Brief Explanations

Excludability in economics refers to the property of a good or service where access can be restricted to those who pay for it. Goods or services that are excludable require payment for consumption, preventing non - payers from using them.

Answer:

An excludable good or service's availability is dependent on payment.