Examlex
Audio compression removes bits that are beyond the frequencies of normal hearing.
Government Interference
Actions taken by government to affect decisions made by individuals, companies, or other governments, which can include regulations, laws, and taxes.
Market Equilibrium
A situation where, at the current price, the quantity of goods supplied equals the quantity of goods demanded, leading to a stable market condition.
Optimal Allocation
The most efficient distribution of resources and services, maximizing the benefit from their use.
External Costs
Costs not reflected in the market price of goods or services, borne by a third party or society at large.
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