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Which type of economic goods is characterized by excludability, meaning consumers can be prevented from enjoying its benefits if they do not pay for it?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Private goods✓
2Public goods
3Free rider goods
4Merit goods

Correct answer

Private goods

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Which type of economic goods is characterized by excludability, meaning consumers can be prevented from enjoying its benefits if they do not pay for it?

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Which type of economic goods is characterized by excludability, meaning consumers can be prevented from enjoying its benefits if they do not pay for it?

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