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For 7x6(x7 + 12)4 dx what is a good choice for u?
Nonrival in Consumption
A characteristic of some goods where one person's consumption does not reduce the availability of the good for consumption by others.
Nonexcludable
A characteristic of a good or service where it is not possible to prevent people who have not paid for it from having access to it.
Negative Externality
A cost that is suffered by a third party as a result of an economic transaction.
Pigovian Externality
A situation where a market activity imposes a positive or negative cost or benefit on a third-party that is not reflected in the market price.
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