Examlex
Which of the following statements about buffer statements is NOT true?
Market-Equilibrium
A condition where market supply equals market demand, resulting in stable prices where the amount produced matches consumer demand.
Fire Extinguishers
Portable devices used to put out fires by discharging a jet of water, foam, gas, or other materials.
Private Cost
Private cost is the cost incurred by an individual or company in producing goods or services, excluding externalities.
External Benefit
A positive effect of a transaction or activity on a third party who did not choose to incur that benefit.
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