Examlex
A good that has social costs that exceed private costs has a quantity that is
Liability
Legal responsibility for one's actions or omissions, which can lead to civil duty or financial compensation.
Age
The length of time that a person or entity has been alive or in existence.
Negligence
The failure to take appropriate care in doing something, leading to damage or injury to another.
Worn Down Brakes
A condition of vehicle brakes where the brake pads or shoes have been used to the point of reduced effectiveness, posing safety risks.
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