When You Buy a Computer, It Usually Has Some Software

question 81

True/False

When you buy a computer, it usually has some software preinstalled on its hard disk.

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Definitions:

Public Good

A good that is non-excludable and non-rivalrous, meaning it can be used by many people simultaneously without reducing the amount available to others.

Market Failure

A situation in which a market left on its own fails to allocate resources efficiently.

Free-Ride

A situation in which an individual benefits from resources, goods, or services without contributing to the cost.

Private Markets

Markets where transactions occur directly between parties without public exchange involvement, often characterized by less regulation.