Examlex
Anethole, a derivative of anise, is used in flavoring and as perfume in soap and toothpaste. Identify the functional group circled.
Efficient
The optimal use of resources to achieve the desired ends with minimal waste or effort, often related to production and allocation.
Economy
A system by which goods and services are produced, distributed, and consumed.
Long-Run Equilibrium
A situation in which all firms in a market are making zero economic profit, leading to a stable market condition where no new firms enter or exit.
Consumer Preference
The subjective tastes and preferences of consumers, which determine the demand for different goods and services.
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