Examlex
How would a decomposition reaction be illustrated?
Rival
In economics, a good or service is considered rival if its consumption by one individual prevents simultaneous consumption by other individuals.
Excludable
Refers to a property of a good or service where it's possible to prevent people who have not paid for it from having access to it.
Efficient Quantity
The amount of a good or service that maximizes the net benefit to society.
Nonrival
A characteristic of a good where one person's consumption does not reduce availability for others.
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