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Mechanical engineering, my chosen field of study, is definitely no exception to this rule and it even, arguably, accounts for some of the greatest contributions to society. For example, a current major area of research is in the application of fuel cells as an alternative to fossil fuels. Not only will fuel cells serve as private goods, but they will also function as public goods as well. But before one can fully understand the extents of this, it is necessary to understand what exactly a "public good" and "private good" are.
Definition of Public Good
Most apparently, public goods lack clearly identifiable owners...
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Common topics in this essay:
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