Examlex
The threat of physical force in order to achieve obedience is what Max Weber calls__________ .
Average Social Cost
The total cost of producing a good or service, including both private costs and any external costs, averaged over the units produced.
Competitive Level
The state or degree of competition within a market where firms strive to gain a substantial share by offering the best possible products or services.
Output
The total amount of goods or services produced by an individual, firm, or economy within a certain period.
Negative Externality
A cost imposed on a third party who is not involved in the production or consumption of a good or service.
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