Examlex
When pronouncing most words in English, all the letters are pronounced.
Public Goods
Goods that are non-excludable and non-rivalrous, meaning they can be used by everyone and one person's use does not reduce availability to others, such as clean air.
Marginal Social Cost
The total cost to society of producing an additional unit of a good or service, including both private costs and any external costs.
Unregulated Level
Typically refers to a state in which market activities or specific industries operate without government-imposed controls or restrictions.
Marginal Cost
The growth in aggregate costs resulting from the manufacture of an additional product or service unit.
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