No, an internet search engine cannot satisfy the key characteristics of a public good because consumers could not be excluded and several users might utilize it concurrently without incurring any additional opportunity costs.
What is the meaning of an Internet search engine?
Using keywords or phrases, users can find the information they're looking for online using a search engine, which is a piece of software. Because they are constantly scanning the Internet and indexing every page they come across, search engines can provide results quickly even with millions of pages available.
Which best defines opportunity cost?
The profit foregone when one option is chosen over another is known as the opportunity cost. Simply serving as a reminder to consider all viable options before making a choice, the idea is helpful.
Why is opportunity cost important?
The idea of opportunity cost enables us to select the greatest option out of all those that are available. It enables us to make the most effective use of all available resources, maximizing economic gains.
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