Examlex
The quantity of offset that occurs along a fault is termed ____________.
Spillovers
Refers to the impact that an economic activity has on unrelated third parties, which can be either positive or negative.
Marginal Cost
The financial outlay required to produce one more unit of a product or service.
Public Good
A good that is non-excludable and non-rivalrous, meaning it can be used by many people without depleting its availability to others.
Private Goods
Goods that are both excludable and rival in consumption, meaning only paying customers can use them and one person's use diminishes others' ability to use them.
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