Examlex
What does the atomic symbol Sn stand for?
Externalities
External impacts of an economic activity on unrelated third parties, which can be either positive or negative.
Market Price
The existing cost at which a service or asset can be acquired or disposed of in a given market.
Market Fail
A situation where the allocation of goods and services by a market is not efficient, typically due to reasons like externalities, market power, or public goods.
External Benefit
A positive effect of a transaction or activity on a third party who is not involved in the transaction, also known as a positive externality.
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