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Under stress the substance released by the adrenal cortex when stimulated by the sympathetic division of the autonomic nervous system are called
External Costs
Costs that are not borne by the parties involved in a transaction but rather by third parties or society as a whole.
Efficient Solution
An outcome wherein resources are allocated in the most effective way, maximizing benefits while minimizing costs or wastes.
Internalize Externalities
The process by which a firm takes into account the external costs or benefits of its activities, typically by incorporating them into its pricing structure.
Negative Externalities
Costs suffered by a third party as a result of an economic transaction, such as pollution caused by industry, which are not reflected in the market prices.
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