When a firm uses price to prevent people from consuming a good or service the good is called:_____.

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28-07-2022
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When a firm uses price to prevent people from consuming a good or service the good is called:_____.

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Tutorconsortium319 Tutorconsortium319 · Answer 1 · 2022-08-06T13:21:09+02:00

Nonexcludable is a characteristic of some goods or services whereby people cannot easily be prevented from consuming a good or service, even if they do not pay for it.

When people consume a Nonexcludable good without paying for it is called?

A negative externality was present if you had to put up with the factory's obnoxious noises and stench. Due to: - consumers who consume the commodity without paying for it, private enterprises frequently struggle to make a profit by offering a good that is nonexcludable. – the issue of free-riders.

How are Nonexcludable public goods paid for?

A good that one person's consumption reduces another person's ability to consume. A good that is not diminished by the consumption of another person by one person. A shared good that individuals are not physically barred (from) using.

Learn more about Nonexcludable good: https://brainly.com/question/14115577

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