Examlex
Matching
Identify the letters of the choices that best match the phrases or definitions.
-A kind of storage that refers to data that a user can view, regardless of how or where the information actually is organized or stored
Competitive Market
A market structure characterized by a large number of buyers and sellers, free entry and exit, and products that are similar enough to be considered substitutes.
Nonexcludable
A characteristic of a good or service that prevents individuals who have not paid for it from being easily excluded from its consumption or use.
Nonrival
A characteristic of goods where one person's consumption does not diminish the ability of others to consume the same good.
Social Costs
The total cost to society, including both the private costs borne by producers and also any external costs to others not involved in the transaction.
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