If You Can't Prevent People from Consuming Something,then

question 105

Multiple Choice

If you can't prevent people from consuming something,then:

• A) they have little reason to pay for using it.
• B) the good is not excludable.
• C) individuals will likely use it for free.
• D) All of these statements are true.

---

Definitions:

Number of Sellers

Refers to the total count of distinct sellers or firms active in a given market, affecting the market's competition level.

Suppliers' Expectations

The beliefs or forecasts that producers have regarding future prices, demand, or supply conditions.

Advancement in Technology

The process of developing and applying new tools, machines, materials, and processes to improve products and services and solve problems.

Input Prices

The costs associated with purchasing the raw materials and resources required to produce a good or service.