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When market activity generates a negative externality, the level of output in the market equilibrium is lower than the socially optimal level.
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Marijuana, also known as cannabis, is a psychoactive drug from the Cannabis plant used for medical or recreational purposes.
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A substance used to enhance social standing or perceived esteem within a particular community or group.
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Individuals who earn their living by competing in sports at the highest level of athletic performance.
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A brand name for a time-release formula of oxycodone, a powerful prescription opioid pain medication that can be highly addictive.
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