Examlex
The CEO of Apple wanted to know the probability that someone would own an Apple computer or spend more than 20 hours each week on the internet, this would be an example of a ______________ probability.
Common Resource
A resource like fish stocks, forests, or clean air, that provides users with tangible benefits but is susceptible to overuse and depletion.
Public Good
An offering of products or services to every member of society at no cost, provided by either governmental bodies or private organizations, without aiming for financial gain.
Not Excludable
A characteristic of certain goods where it is not feasible to prevent individuals from consuming the good, such as public parks.
Not Rival
Refers to a good's characteristic where one person's consumption does not reduce the availability of the good for consumption by others.
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