Examlex
Why were arches and domes so important to Roman architecture?
Positive Externality
A benefit that affects someone who did not choose to incur that benefit, often associated with public goods or services.
Profit-Maximizing
The process or strategy employed by businesses to determine the price and output level that delivers the maximum possible profit.
Externality
A side effect or consequence of an industrial or commercial activity that affects other parties without this being reflected in the cost of the goods or services involved.
Efficient Level
The point at which resources are utilized in the most productive way, maximizing output or satisfaction without wasting any resources.
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