Examlex
The latest IP standard is ________
Competitive Markets
Markets characterized by many buyers and sellers where no single participant can significantly influence the price of goods or services.
Externalities
Effects of a transaction or activity on third parties who are not directly involved, which can be either beneficial (positive externalities) or harmful (negative externalities).
Property Rights
Legal rights defining the ownership and use of resources including land, intellectual property, and personal assets.
Public Good
A product or service that is provided without profit to all members of a society, either by the government or a private individual or organization.
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