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A positive externality arises when a person engages in an activity that has
Norway
A country in Northern Europe known for its extensive coastline, fjords, and high standards of living.
Economic Profit
The difference between a firm's total revenue and its total costs, including both explicit and implicit costs, reflecting the real profitability of the business.
Loss
The result of a company or individual spending more money than they receive.
Equilibrium
An equilibrium in the market where demand equals supply, causing price stability.
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