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In Preparation for Disaster Recovery Design, What Is the Description

question 264

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In preparation for disaster recovery design, what is the description of the right side.


Definitions:

Socially Optimal

is a condition or outcome in which the allocation of resources maximizes the overall benefit to society.

Nonexcludable

A characteristic of a good whereby it is difficult or impossible to prevent people who have not paid for it from consuming or using it.

Rival

An entity competing against another in the same market or field.

Rival

A term used in economics to describe a good or service that cannot be consumed by more than one person at the same time, meaning consumption by one person diminishes the ability of another to consume it.

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