Examlex
A process of providing a user with permission including access levels and abilities such as file access, hours of access, and amount of allocated storage space is called authentication.
Marginal Social Cost
The additional cost imposed on society as a whole by producing one more unit of a good or service.
External Costs
External costs are expenses that are not borne by the individuals or organizations responsible but rather by society as a whole, often involving negative environmental impacts.
Efficient Level
The point at which a system operates at maximum capacity without waste, producing optimal output with the lowest input.
Profit-Maximizing
A strategy or process used by firms to determine the output level and pricing that yields the highest possible profit.
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