Examlex
Explain the benefits of puberty suppressors for transgender children.
Public Good
A public good is a product or service that is non-excludable and non-rivalrous, meaning it can be used by many people simultaneously without diminishing its availability to others.
Nonexcludable
A characteristic of a good or service where it is impossible, or highly costly, to prevent someone from using it once it has been provided.
Nonrival
A characteristic of a good where one person's consumption does not diminish the utility or availability of that good for others.
Marginal Cost
The cost added by producing one additional unit of a product or service, a critical concept in economic theory for optimal production levels.
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