Examlex
According to the Code of Ethics and Standards of Professional Conduct adopted by the American Association of Public Health Dentistry,dental public health professionals have the responsibility to provide individual and community services in a socially responsible manner while maintaining respect for the value of the services received and conservation of individual,private,and public resources,according to the principle of:
Willingness to Pay
The maximum amount a consumer is ready to spend for a good or service.
Surplus
The situation where the quantity supplied of a product exceeds the quantity demanded at a given price.
Negative Externality
An economic situation where a third party is negatively affected by the actions of others, typically not reflected in the cost of those actions, such as pollution.
Common-Resource Problem
A dilemma in the management of resources that are available to all but are susceptible to overuse and depletion because they are not excludable.
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