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Which of the Following Is NOT the Term Used to Describe

question 22

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Which of the following is NOT the term used to describe HYPERLINK "E:\\DATA\\BookReview\\Package\\Venkataraman_Chapters_and_Supplements\\C9 MCQ C9.xlsm" \l "RANGE!#REF!" the interface between push and pull systems?


Definitions:

Internalize the Externality

The process whereby parties take into account the external costs or benefits of their actions, often through regulatory or market-based mechanisms.

Tragedy of the Commons

A situation in a shared-resource system where individual users acting independently according to their own self-interest behave contrary to the common good of all users by depleting or spoiling that resource.

Excludable

A characteristic of a good or service that means it can be restricted to only those who pay for it; the opposite of a public or non-excludable good.

Rival in Consumption

A characteristic of goods where one individual's consumption prevents or decreases others' ability to consume the same good.

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