Examlex
Agricultural assemblers, petroleum bulk plants and terminals, and auction companies are examples of ________.
Public Goods
Goods that are non-excludable and non-rivalrous, meaning they can be consumed by everyone and one person's consumption doesn't reduce availability for others.
Quasi-Public Goods
Quasi-public goods are those that exhibit some characteristics of a public good such as non-excludability and non-rivalry but do not fully meet these criteria, often because they can be provided privately for a fee.
Optimal Amount
The quantity of production or consumption that maximizes efficiency or utility under given constraints.
Median Voter's Preference
A concept in political economy suggesting the outcome of a majority-vote decision process will most closely align with the preferences of the median voter.
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