Examlex
Those who believe in predeterminism would MOST likely be in favor of
External Cost
represents a negative spillover effect of an economic transaction on a third party who was not involved in the transaction.
External Costs
Costs that are not borne by the parties involved in economic transactions but are imposed on others, such as environmental pollution.
External Benefits
Advantages that accrue to individuals or society indirectly participating in an economic transaction or activity.
Market Outcome
The result of all buyers' and sellers' interactions in a market, determined by factors like price, quantity, and quality of goods and services.
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