Examlex
Of the following environmental groups,this one tends to be the most liberal.
Deadweight Loss
The loss of economic efficiency that occurs when the equilibrium for a good or service is not achieved or is not achievable.
Profit-Maximizing
A strategy or approach aimed at achieving the highest possible profit from operations, often involving minimizing costs and maximizing revenues.
Negative Externality
A negative externality exists when a product or decision results in a negative effect on a third party not directly involved in the transaction.
Positive Externality
A benefit that affects someone who did not choose to incur that benefit, often associated with public goods or services.
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