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Ilya [14]
3 years ago
5

If a good is both excludable and nonrival in consumption, then it is

Business
1 answer:
creativ13 [48]3 years ago
6 0
If a good is both excludable and nonrival in consumption then it is A CLUB GOOD. A good is excludable when there is restricted access to it. A good is nonrival in consumption when the consumption by one customer does not reduce the amount of that good that can be consumed by another customer. A club good is one that have high quantity available but is meant for certain group of people only, not for everybody.
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