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The bar graph below represents the highest education level achieved for 30 random females and 60 random males questioned on a street in downtown Washington,DC. What percentage of men completed at most their freshman year?
Types of Goods
Classification of goods based on characteristics such as excludability, rivalry in consumption, and the nature of the product (e.g., public goods, private goods, club goods).
Free-Ride
To benefit from a resource, good, or service without providing fair compensation or contribution.
Cable TV
A system of delivering television programming through coaxial or fiber-optic cables directly to subscribers' premises.
Club Good
A type of good that is excludable but non-rivalrous, meaning people can be prevented from using it, but one person's use does not reduce its availability to others.
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