Examlex
Silicon dioxide exists as a
Positive Externality
A benefit that affects someone who did not choose to incur that benefit, typically associated with public goods or services, like education or vaccination.
Market Inefficiency
A situation where resources are not allocated optimally, leading to a waste of resources or an inability to reach market equilibrium.
Supply And Demand Diagram
A graphical representation of the relationship between the quantity of a good or service that suppliers are willing to offer and the quantity that consumers are willing to purchase at various prices.
Negative Externality
occurs when a product or decision results in a negative effect on a third party who is not involved in the transaction or decision.
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