Examlex
Which of the following is legal in the state of Oregon in the United States?
Market
An arrangement or venue where parties engage in exchange of goods and services.
Positive Externality
A benefit that is enjoyed by a third-party as a result of an economic transaction or activity in which they did not directly participate.
Marginal Social Benefit
The additional benefit to society from consuming one more unit of a good or service.
Marginal Private Cost
The cost incurred by a firm for producing one additional unit of a good, exclusive of any external costs.
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