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If short-run aggregate supply is upward sloping, the assumption is that
Exclusive Licenses
Agreements granting one party alone the right to sell, produce, or use intellectual property or product.
Tradable Permits
Government-issued rights or allowances that permit the holder to emit a certain amount of a substance; can be bought, sold, or traded.
Common Resource
A resource like air or water that is not owned by anyone, but is available for use by everyone, often leading to overuse and depletion.
Marginal Social Benefit
The extra advantage to the community when one additional unit of a product or service is made.
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