Examlex
What is the logical view of information?
Optimal Level
The most favorable or efficient level of output or activity under given conditions, maximizing benefits or minimizing costs.
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 diminish another's.
Free-rider Problem
A situation where individuals consume a good without contributing to its cost, typically in the context of public goods.
Public Good
A good or service offered to every member of a community for free, supplied by either governmental bodies or private entities without the intention of making a profit.
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