Examlex
Give the focus, directrix, and axis for the parabola.
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Private Solution
A resolution to an economic issue that relies on private transactions without government intervention.
Externality
A consequence of an economic activity that is experienced by unrelated third parties.
Externalities
Economic impacts on bystanders not directly engaged, with potential for both positive and negative outcomes.
Transaction Costs
The expenses incurred when buying or selling goods and services, which can include fees, commissions, and the costs of the time and effort involved in making the transaction.
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