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In the __________ Approach Only the Sender Knows the Private

question 8

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In the __________ approach only the sender knows the private key so only the sender could have produced a valid signature.


Definitions:

Public Good

A product that is non-excludable and non-rivalrous in consumption, meaning its use by one individual does not reduce its availability to others.

Excludability

A characteristic of a good or service that allows owners or producers to prevent others from using it without permission.

Marginal-cost-marginal-benefit Rule

A principle suggesting that optimal decision making involves continuing an activity until the additional benefits no longer exceed the additional costs.

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