Using Two or Three Sentences, Answer the Following Questions as Concisely

question 36

Essay

Using two or three sentences, answer the following questions as concisely as possible.
-Describe the process of a "closed" fetal procedure.

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Definitions:

Nonexcludability

A characteristic of public goods where it is not feasible to exclude individuals from using the good or benefiting from it.

Nonrivalry

A characteristic of certain goods where one person's consumption does not reduce availability to others, often associated with public goods.

Negative Externalities

Costs suffered by a third party as a result of an economic transaction which the parties directly involved in the transaction do not fully account for.

Public Good

A product that one individual can consume without reducing its availability to another individual and from which no one is excluded.