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In their experimental study of intergroup conflict, psychologist Muzafer Sherif and his co-researchers assigned the highly aggressive boys to one group, the Eagles, and the less aggressive boys to another group, the Rattlers, and then pitted them against each other in a series of competitive games.
Public Goods
Goods that are non-excludable and non-rivalrous, meaning no one can be prevented from using them and one person's use does not reduce their availability to others.
Collective Benefits
Advantages or positive outcomes that are shared and enjoyed by all members of a group or society, not just by the individual who incurred the cost.
Excludable
A characteristic of a good or service that allows owners or producers to prevent others from using it without permission.
Over Supplied
A market condition where the quantity of a good or service available exceeds the quantity demanded at the current price, often leading to a surplus and typically pressure on prices to decrease.
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