Examlex
A nutrient is:
Excludable
A characteristic of a good or service that allows owners or producers to prevent others from using it without permission.
Over Supplied
A market condition where the quantity of a good or service available exceeds the quantity demanded at the current price, often leading to a surplus and typically pressure on prices to decrease.
Marginal Cost
The rise in expenses for producing one more unit of a product or service.
Efficient Amount
The level of production or consumption that maximizes welfare and minimizes waste within an economy, often used in reference to optimal resource allocation.
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