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Non-Rivalry and the Zero Marginal Cost of Public Goods
For goods characterized by non-rivalry, once they are made available to anyone, the marginal cost of providing them to additional people is zero. This is because after the initial production, no extra expense is incurred for another individual to benefit from the good.
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Social Science
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CORE Econ
Economy
Economics
Introduction to Microeconomics Course
The Economy 2.0 Microeconomics @ CORE Econ
Ch.10 Market successes and failures: The societal effects of private decisions - The Economy 2.0 Microeconomics @ CORE Econ
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