Examlex
In Stanley Milgram's original study almost all of the subjects refused to continue with the experiment upon reaching the 330-volt level.
Nonexcludability
A characteristic of public goods where it is impossible or highly costly to exclude individuals from consuming the good.
Marginal Costs
The hike in total expenditure resulting from the production of an incremental unit of a product or service.
Marginal Benefits
The incremental enjoyment or usefulness received from consuming or manufacturing another unit of a commodity or service.
Public Good
Products or services accessible to all people within society at no expense, made possible by the government or by private groups or individuals, not for the purpose of financial gain.
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