Examlex
Select the correct graph of the following function.
Private Firm
A business owned by private individuals or groups, not controlled by the government, and operated for profit.
Public Goods
Goods that are non-excludable and non-rivalrous, meaning they are accessible to all and one person's use does not diminish another's.
Nonexcludable
Describes a good or service for which it is not possible to prevent people who have not paid from consuming or using it, such as public parks or street lighting.
Efficiency
The optimal allocation of resources to maximize the desired outputs while minimizing waste or unnecessary effort.
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