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Integrate .Give an exact answer and one rounded to 3 decimal places.
Common Resources
Goods that are non-excludable and rival in consumption, such as fisheries, the atmosphere, or public parks.
Enjoyment
The state or experience of taking pleasure or satisfaction from something.
Willingness to Pay
The maximum amount an individual is prepared to spend on a good or service, reflecting the value they derive from it.
Surplus
An excess of production or supply over demand, often leading to lower prices.
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