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In the following game of batter-versus-pitcher in baseball, the batter's batting averages are shown in the game matrix. Which of the following statements is true?
Public Goods
Goods that are non-excludable and non-rivalrous, meaning they are accessible to all members of society and one person's consumption does not reduce availability to others.
Externalities
Costs or benefits arising from an economic activity that affect third parties who did not choose to incur that cost or benefit.
Economic Outcomes
The results or consequences of particular economic policies, decisions, or activities on the overall economy.
Pollution
Pollution denotes the introduction of harmful substances or products into the environment, leading to adverse effects on life and health.
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