Examlex
How many automobile license plates can be made involving 2 letters followed by either 3 or 4 digits?
Market Level
A term used to describe the overall state or condition of a market, including its size, competitiveness, and efficiency.
Unregulated Amount
A quantity or volume of something that is not controlled or limited by laws or any regulatory bodies.
External Cost
External costs refer to the negative side effects or consequences of production or consumption that are not reflected in the market price and are born by third parties or society at large.
Efficient Level
The point at which a system or process is operating at maximum potential without waste of resources.
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