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Professor Jones and Professor Smith are having a discussion on whether or not apes are capable of language. Professor Jones argues that they do not, while Smith says that they do. To make the strongest argument, Smith would probably refer to the research on
Social Cost
The total cost to society as a whole, including both private costs incurred by firms or individuals and external costs imposed on others.
Free Riders
A person who receives the benefit of a good without paying for it. Because it is often virtually impossible to restrict the consumption of public goods to those who pay, these goods are subject to free-rider problems.
Public Good
A commodity or service that is provided without profit to all members of a society, either by the government or a private individual or organization.
Private Firms
Businesses owned and controlled by individuals or groups of individuals, as opposed to being owned by the government.
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