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