Examlex
With regard to traits, attached earlobes is considered ____.
Nonexcludability
Nonexcludability is a feature of public goods where it is not possible to prevent individuals from consuming the good, irrespective of whether they have contributed to its provision.
Public Goods
Goods that are non-excludable and non-rivalrous, meaning no one can be effectively excluded from use and use by one does not reduce availability to others.
Optimal Quantity
The amount of a good or service that yields the highest net benefit to producers and consumers, considering costs and benefits.
Marginal Benefit
The surplus happiness or utility experienced from using an extra unit of any good or service.
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