Examlex
All of the following are considered to be new-product development failures or stumbles by Apple except which?
Socially Optimal
A state of the market where resources are allocated in the most efficient manner, maximizing the overall benefit to society.
Negative Externality
An economic situation where a third party is negatively affected by the outcome of a transaction or activity, for instance, pollution affecting the health of nearby residents who are not involved in the polluting activity.
Drunk Driving
The act of operating a motor vehicle while the driver's ability to do so is impaired by the effects of consuming alcohol.
Used Oil
Recycled or waste oil that has been used and then collected for reprocessing or disposal, often considered hazardous waste.
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