Examlex
When supply falls and demand rises,equilibrium price will __________ and equilibrium quantity will ____________.
Competition
The activity or condition of striving to gain or win something by defeating or establishing superiority over others.
Free-Rider Effect
Gaining the benefits of group membership by avoiding costly obligations of membership and by allowing other members to incur those costs.
Self-Interest
The consideration of personal benefit or advantage, which often motivates behavior and decision-making.
Commons Dilemma
A situation in which individual interests conflict with collective well-being, often resulting in the overuse or depletion of shared resources.
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