Examlex
What is meant by a party realignment?
Free Rider
Consumer or producer who does not pay for a nonexclusive good in the expectation that others will.
Vertical Summation
A method used to derive the market demand curve by adding the quantities demanded by all individuals at each price level, vertically.
Horizontal Summation
A method used to determine the total market demand or supply curve by adding individual demands or supplies at each price level, assuming they are compatible.
Public Good
A commodity or service that is provided without profit to all members of a society, either by the government or a private individual or organization.
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