Examlex
Factor out the largest possible common factor.
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Nonrival
A characteristic of a good or service where one person's use does not diminish its availability to others.
Marginal Cost
The increase in total production cost that arises from producing one additional unit of a good or service.
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.
Nonexcludable
A characteristic of a good where it is not possible to prevent individuals from accessing or consuming the good.
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