Examlex
The use of vaginal inserts of Lactobacillus to restore a healthy acidic environment is an example of ________.
Market Failure
Situations where the allocation of goods and services by a free market is not efficient, often requiring government intervention.
Negative Externality
Occurs when the production or consumption of a good or service imposes costs on third parties who are not involved in the transaction.
Marginal Cost
The financial impact of producing one more unit of a product or service.
Marginal Social Cost
The additional cost incurred by society as a whole due to the production of one more unit of a good or service.
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