Examlex
As of 2010 it was more common to see advertisements for the iPad in Berlin than in Virginia. Explain.
Public Good
A good that is non-excludable and non-rivalrous, meaning individuals cannot be effectively excluded from its use and one person's use does not reduce availability to others.
Grocery Store
A retail store that sells food and other household goods.
Marginal Social Benefit
The additional benefit to society as a whole from one more unit of a good or service being consumed.
Marginal Private Benefit
The additional benefit or satisfaction received by a consumer or producer from consuming or producing one more unit of a good or service.
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