Examlex
The scaphoid,also called the navicular,links the proximal row of carpal bones as it:
External Costs
External costs, also known as negative externalities, are the costs experienced by third parties who are not involved in an economic transaction, often not reflected in market transactions.
Market Price
The market price at which you can currently buy or sell a service or asset.
Efficient Equilibrium
A state in an economy where every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.
External Benefits
Benefits resulting from a transaction that affect parties not directly involved in the transaction, often leading to positive outcomes for society.
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