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The social cost associated with the distortion in consumption from a monopoly price is called
Promoter
An individual or company that organizes and provides the initial capital, talent, or other resources to start a venture or event.
Potential Liability
The possibility of being responsible for future legal judgments or obligations due to current actions, circumstances, or contracts.
Contracts
Legal agreements between two or more parties that create mutual obligations enforceable by law.
Actual Authority
The express and implied powers a principal intentionally grants to its agent.
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