Examlex
A brand that has been given legal protection is known as a
Excludable
Describes a good or service for which it is possible to prevent non-paying customers from accessing it.
Marginal Social Benefit
The extra advantage that the entire society gains from using an additional unit of a product or service.
Public Good
A product that is non-excludable and non-rivalrous in consumption, meaning it is available to all members of society without depletion.
Nonrival
Refers to a good where one person's use does not reduce the amount available for others.
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