Examlex
Match each term with the correct definition.
-Transmission of infection
Efficiency Loss
Economic costs that arise when market equilibrium is not achieved, or when resources are not allocated optimally, leading to waste or suboptimal outcomes.
Deadweight Loss
The loss of economic efficiency that occurs when the equilibrium for a good or service is not achieved or is not achievable.
Marginal Cost
The extra expense associated with manufacturing an additional unit of a product or service.
Maximum Willingness
Describes the highest amount a consumer is willing to pay for a good or service, reflecting the maximum value they derive from it.
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