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Give an account of concurrent ownerships in a multiple-dwelling building.
Price Ceiling
A government-imposed limit on how high a price can be charged for a product, service, or resource, usually intended to protect consumers from prices deemed excessively high.
External Benefits
Benefits derived from a product or service that affect parties who did not choose to incur that benefit.
Efficient Level
The optimal point of operation where resources are used in such a way that maximizes productivity and minimizes waste.
Negative Externality
A cost that is suffered by a third party due to an economic transaction, where the cost is not reflected in the transaction's final price.
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