Examlex
Describe the Domain local group scope.
Antibiotics
Medicinal substances used to treat bacterial infections by either killing the bacteria or inhibiting its growth.
Market
An economic system or environment where buyers and sellers engage in exchanges of goods, services, or information.
Total Surplus
The sum of consumer surplus and producer surplus, representing the total net benefits to society from a market transaction.
Private Value
The individual valuation of a good or service to a particular consumer or producer, not taking into account external effects or social welfare.
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