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Is Your Economics Textbook a Public or Private Good? If

question 120

Essay

Is your economics textbook a public or private good? If you conclude that it is a private good, why do we have copyright laws?


Definitions:

Immediately

Without delay; happening right at the moment or very soon after.

Bid

An acronym in medical prescribing that stands for "bis in die" which means "twice a day".

Tid

An acronym in medical prescriptions standing for "ter in die," which means three times a day.

Prn

An abbreviation for "pro re nata," a Latin phrase meaning “as the situation demands” used in healthcare to instruct that medication should be taken as needed.

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