Examlex
Headward erosion of a group of cirques around a mountain may produce
Perfect Information
A hypothetical market condition in which all participants have access to all relevant information to make fully informed decisions.
Public Goods
Goods that are non-excludable and non-rivalrous, making it difficult to restrict access to their benefits only to those who pay for them.
Collectively Consumed
Products or services that are used or consumed by a group of people simultaneously, such as public goods.
Exclude
To deliberately leave something or someone out of a group, list, or conversation.
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