Examlex
Virtual circuits are used with _____.
Free-rider Problem
A situation in which individuals or entities benefit from resources, goods, or services without paying for them, leading to underprovision of those goods.
Public Good
A product or service that is available for all to consume, regardless of who pays for it, characterized by non-excludability and non-rivalry.
Public Good
Goods or services made available to all individuals within a society free of charge, supplied by the government or by private non-profit entities.
Private Good
A good or service that is individually consumed and that can be profitably provided by privately owned firms because they can exclude nonpayers from receiving the benefits.
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