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Tight Supply Conditions
A market situation where the supply of a good is limited, often leading to higher prices.
Nonrivalrous Consumption
A consumption characteristic where one individual's use of a good does not reduce availability to others.
Marginal Cost
The cost incurred by producing one additional unit of a good or service.
Simultaneous Consumption
A characteristic of services that indicates they are consumed at the same time as they are produced.
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