Examlex
Numerous scientists around the world have proposed to sequence 10,000 vertebrate genomes in five years.What is the name of this plan?
Internalize Costs
The process of ensuring that businesses or individuals take into account the external costs they impose on society in their decision-making.
Equilibrium Price
The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, resulting in a balance of the market.
Equilibrium Quantity
The quantity of goods or services supplied that is equal to the quantity demanded at the equilibrium price.
Marginal Social Cost
The cost to society of producing one additional unit of a good or service, incorporating both the private costs and any external costs.
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