Examlex
If we increase the brightness of violet light shining on a photosensitive surface we also increases the
Consumer Surplus
The gap between what consumers are prepared to spend on a good or service and the actual amount they end up paying.
Consumer Surplus
The divergence in total intended consumer expenditure on a product or service and the total actual expenditure.
Market Power
The ability of a company or entity to influence or control the terms and conditions of the market to some degree, affecting prices and competition.
Externalities
Financial consequences for unrelated third parties, which can manifest as either positive or negative effects.
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