Assume that there is no way to pre-vent some-one from using an inter-state highway, regard-less of whether or not she helps pay for it. This characteristic is associated with : <u>nonexcludability</u>.
Nonexcludability ent-ails the free-rider prob-lem because a person can enjoy the bene-fits of the good without hav-ing to pay for it. Nonexcludability means that the cost of keep-ing non-payers from enjoying the bene-fits of the good or service is prohibitive.
Non-excludable means that it is costly or im-possible for one user to exclude others from usi-ng a good. Non rival-rous means that when one per-son uses a good, it does not pre-vent others from using it.
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Every decision we make involves costs and consequences. (cost can be anything, including a missed opportunity)
By like saying good things by their state.
Scientific Revolution Definition:
It was a time of of inavation and advancement in the science community during the Renaissance era bettween the years of 1543 – 1687 and taking place in Europe.
