Examlex
List four common types of output, and give examples of each.
Subsidizing Production
The act of providing financial support to companies or industries to reduce the cost of producing goods or services, often to encourage production or lower prices for consumers.
External Costs
Costs that affect parties who are not directly involved in the production or consumption of a good or service, often leading to market failures.
Underproduce
The act of producing less than is demanded or expected, often leading to shortages and increased prices.
Overprice
The act of charging a price for a product or service that is higher than what is considered fair or reasonable.
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