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Entrepreneurs should avoid hiring mediocre people.
Consumer Surplus
The distinction between the total cost consumers are willing to offer for a good or service and the amount they eventually pay.
Surplus II
An excess amount of a product or resource compared to the demand, often resulting in lower prices.
Surplus III
An excess of production or supply over demand, often referring to goods in a market that exceed buyer requirements.
Consumer Surplus
The distinction between the price consumers are inclined to pay for a product or service and what they ultimately pay.
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