Examlex
How is a gas phase represented in a chemical reaction?
Externalities
Economic side effects or consequences of a commercial activity that affect other parties without being reflected in the costs of the goods or services involved.
Negative Externality
A cost that affects a party who did not choose to incur that cost or benefit from it, often considered a failure of the market.
Market Inefficiency
A situation where market prices do not always accurately reflect the true value of a good or service, possibly due to lack of information or irrational behavior.
Supply And Demand Diagram
A graphical representation of the relationship between the quantities of a good that sellers are willing to sell and buyers are willing to buy, at various prices.
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