Examlex
Some crimes call for extreme precision in the description of a room and the location of the exact part of the room that was affected.
Market
A place or virtual space where buyers and sellers come together to trade goods, services, or financial instruments, determining the prices through supply and demand.
External Cost
Costs of a transaction that affect people who are not part of the transaction.
Private Value
The estimate of worth that an individual or company assigns to an asset, good, or service, reflecting personal assessments rather than market-driven prices.
Social Cost
The total cost to society, including both private and external costs, of producing a good or service.
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