What Does It Mean When a Good Is Excludable

question 65

Multiple Choice

What does it mean when a good is excludable

• A)One person's use of the good diminishes another person's ability to use it.
• B)People can be prevented from using the good.
• C)No more than one person can use the good at a time.
• D)Everyone will be excluded from obtaining the good.

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Definitions:

Unreasonably Restrain

To limit or control someone or something to an excessive or unjustifiable extent, typically in a legal or regulatory context.

Microsoft Antitrust Case

A legal case in which Microsoft was accused of holding a monopoly in PC operating systems, leading to significant legal and regulatory outcomes for the company.

Monopoly Power

The ability of a single seller in a market to control prices and exclude competition.