Examlex
When a firm provides a specialized product or service for a narrow target market better than competitors, they are using a ________ strategy.
Public Goods
Goods that are non-excludable and non-rivalrous, meaning they are available for everyone and one person’s use does not reduce availability to others.
Nonexcludable
A property of a good or service whereby it is not feasible to prevent people from accessing it, often leading to its consumption without directly paying for it.
Private Good
A product or service that is excludable and rivalrous, meaning its consumption by one individual prevents its use by another.
Unleaded Gasoline
A type of gasoline that does not contain lead compounds and is used to fuel the majority of motor vehicles to reduce air pollution.
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