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Efficiency Loss
The decrease in economic efficiency that occurs when a market outcome does not allocate resources in the most economically beneficial way, often due to externalities or market failures.
Public Goods
Goods that are non-excludable and non-rivalrous, meaning they can be used by everyone and one person’s use does not diminish another's.
Corporate Income Tax
A tax levied on the net income (accounting profit) of corporations.
Product Prices
The amount of money required to purchase a product, influenced by cost of production, supply, demand, and market competition.
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