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Why is it unlikely that plea bargaining will ever be completely eliminated from the American court system?
Public Good
A good that is non-excludable and non-rivalrous, meaning it can be used by everyone and one person's use does not reduce its availability to others.
Private Good
A product or service that is consumable and excludable, meaning its use can be restricted to paying customers.
Pareto Optimal
A situation in the economy where optimizing the allocation of resources means that improving one person's situation leads to a decline in another's.
Public Goods
Goods that are non-excludable and non-rivalrous, meaning that individuals cannot be effectively excluded from use, and use by one individual does not reduce availability to others.
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