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Who appoints the members of the Public Accounting Oversight Board?
Rivalry
Competition or contention between two or more parties for a goal that only one can attain.
Excludability
A characteristic of a good according to which it is possible to prevent people who have not paid for the good from consuming it.
Optimal Quantity
The quantity that maximizes a firm or individual's net benefit, often determined through cost-benefit analysis.
Marginal Cost
The rise in expense associated with the production of an extra unit of a product or service.
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