Examlex
The pictured change of state occurs at constant temperature even though heat is being removed. Where does this change of state occur on the cooling curve?
Nonrival
A characteristic of goods where one person's consumption does not reduce the availability of the good for consumption by others.
Nonexcludable
A characteristic of a good or service where it is impossible to prevent individuals from enjoying its benefits once it is provided.
Marginal Social Cost
The additional cost to society as a whole from producing one extra unit of a good or service, including both private costs and externalities.
Rival
A competitor or adversary who is in competition for the same objective or for superiority in the same field.
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