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Match Each Term with Its Definition

question 31

Multiple Choice

Match each term with its definition.
-Drug that may only be purchased or given to patients with written instructions from a licensed health care provider


Definitions:

Market Price

The current price at which an asset or service can be bought or sold, determined by supply and demand.

Emissions Standard

Legal limit on the amount of pollutants that a firm can emit.

Marginal External Cost

The additional cost incurred by society due to one more unit of a good or service being produced, that is not accounted for by the producer.

External Cost

A cost of a transaction that affects someone who is not directly involved in the transaction.

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