Examlex
Which of the following is not a function of LDLs?
Free-Rider Problem
A situation where some individuals consume more than their fair share of a public resource, or shoulder less of the cost of its production.
Public Good
A good that is both non-excludable and non-rivalrous, meaning individuals cannot be effectively excluded from use and where use by one individual does not reduce availability to others.
Property Rights
Legal rights to own, use, and manage assets or property.
Negatively Affects
Refers to a detrimental impact or influence one variable has on another within a specific context.
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