When Economists Say That a Good Is Nonexcludable, They Mean

question 276

Multiple Choice

When economists say that a good is nonexcludable, they mean that

• A) everybody wants it.
• B) there is no practical way to stop a person from enjoying the good.
• C) more than one person can consume the good.
• D) everybody is willing to pay for it.

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Definitions:

Young Adults

Individuals in their late teens to early thirties, a demographic group often targeted by marketers for their spending power and lifestyle preferences.

Expiring Content

Digital content that is designed to disappear or become inaccessible after a certain period, commonly seen on social media platforms.

Instagram

A social media platform that allows users to share photos and videos, fostering both personal and business connections through visual content.

Brand

A unique design, sign, symbol, words, or a combination of these, employed in creating an image that identifies a product and differentiates it from its competitors.