Examlex
A new robot is able to examine a photograph of a crowd and pick out a figure wearing a wool cap in exactly 200 milliseconds.The time it takes to do this is always the same,whether there are 10 or 1,000 people in the crowd.The robot must be using ____ processing.
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.
Profit-Maximizing
The process or strategy employed by businesses to determine the price and output level that delivers the maximum possible profit.
Externality
A side effect or consequence of an industrial or commercial activity that affects other parties without this being reflected in the cost of the goods or services involved.
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