A good is considered excludable in consumption if, Business Economics

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A good is considered excludable in consumption if

A good is considered excludable in consumption if: individuals who do not pay for the good are kept from enjoying its benefits

one individuals consumption of the good results in less of it being available for others to consume

one individuals consumption of the good has no affect on the amount available for others to consume

individuals who do not pay for the good can not be kept from enjoying its benefits

there are at least two firms who compete for buyers in the market for the good

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