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Scenario 11-3
Consider the following goods:
• a fish fillet served at a restaurant
• fish in the ocean
• exotic fish in a huge aquarium in a privately-owned building
-Refer to Scenario 11-3. Which of these goods is the best example of a private good? Briefly explain.
Strengthen
To make or become stronger in physical or mental capacity.
Positive
Characterized by or displaying affirmation, constructive qualities, or optimism.
Cognitive Dissonance
A psychological phenomenon where an individual experiences discomfort due to conflicting beliefs, attitudes, or behaviors.
Motivated
Having a strong desire or willingness to do something.
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