Examlex
If the umbilical cord is constricted during delivery, which of the following is a potential danger for the fetus?
Efficient Price
A price that reflects all available information and makes the best use of resources, minimizing waste and maximizing value.
Market Output
The total quantity of goods and services produced and supplied by firms in a market at a given price level and time period.
External Benefit
A positive effect experienced by individuals or groups who are not directly involved in an economic transaction or activity.
Market Price
The existing rate at which an item or service may be traded or acquired in a commercial setting.
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