Examlex
Marc Blitztein's 1938 musical,The Cradle Will Rock was cancelled an hour before its New York opening by government officials who protested the play's "left-wing propaganda."
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.
Profit Maximizing
A strategy or point at which a firm decides the price and output level that leads to the maximum profit.
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