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When Laura started working in the accounting department,she felt like her boss hovered over her all day and constantly double checked her work.As a result,Laura made sure she always did her work exactly as the boss would like and that she double checked her own work so the boss would find no errors.Eventually,she found that her boss stopped hovering and double checking her work.What Laura experienced was _________.
Free Rider
An individual or entity that benefits from resources, goods, or services without paying for them, often leading to market failures.
Costs of Production
All expenses incurred in the process of creating and offering goods or services for sale, including raw materials, labor, and overheads.
Nonexcludable
A characteristic of a good or service that makes it impossible to prevent individuals who have not paid for it from having access to it.
Nonpaying Customers
Individuals or entities that receive goods or services without providing payment to the provider, often leading to revenue loss.
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