Examlex
The ____ version of Fast Ethernet transmits signals in a timed-delay manner, timing the signals to avoid collisions.
Externalities
Costs or benefits that affect a party who did not choose to incur that cost or benefit, often leading to market failure if not properly addressed through regulation or negotiation.
Perfect Information
A hypothetical market condition in which all participants have access to all relevant information to make fully informed decisions.
Public Goods
Goods that are non-excludable and non-rivalrous, making it difficult to restrict access to their benefits only to those who pay for them.
Collectively Consumed
Products or services that are used or consumed by a group of people simultaneously, such as public goods.
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