Examlex
The property of nonexclusion of a pure public good depends on the technology of pricing.Changes in technology can make it possible to price goods and services that were previously unpriceable.Suppose a new electronic device is available that can monitor the miles traveled by vehicles on
public roads.The device would be required on all vehicles and would make it feasible to price each mile traveled at any rate.How would you determine the price of road services per mile to achieve efficient road utilization?
Validity
The extent to which a concept, conclusion, or measurement is well-founded and corresponds accurately to the real world.
De Jure Corporation
A corporation that has been legally incorporated and recognized by the state, operating fully under the law.
Single Purpose
Designed or intended for one specific use or objective.
Limited Time
A restricted period designated for a specific purpose or event.
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