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A quark is
Externalities
External impacts of an economic activity on unrelated third parties, which can be either positive or negative.
Market Price
The existing cost at which a service or asset can be acquired or disposed of in a given market.
Market Fail
A situation where the allocation of goods and services by a market is not efficient, typically due to reasons like externalities, market power, or public goods.
External Benefit
A positive effect of a transaction or activity on a third party who is not involved in the transaction, also known as a positive externality.
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