Examlex
The observation that the number of transistors built onto a computer chip doubles every 18 months is known as:
Collective Benefits
Advantages or positive outcomes that are shared and enjoyed by all members of a group or society, not just by the individual who incurred the cost.
Excludable
A characteristic of a good or service that allows owners or producers to prevent others from using it without permission.
Over Supplied
A market condition where the quantity of a good or service available exceeds the quantity demanded at the current price, often leading to a surplus and typically pressure on prices to decrease.
Marginal Cost
The rise in expenses for producing one more unit of a product or service.
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