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Why is pyruvate reduced to lactate during fermentation?
Consumer Surplus
The discrepancy between what consumers anticipate paying for a good or service and the actual cost they bear.
International Trade
The exchange of goods and services between countries, which can increase market competition and lead to better product diversity and lower prices.
World Price
The global market price of a good or service when it is traded internationally.
Free Trade
The economic policy of not discriminating against imports from and exports to foreign jurisdictions, allowing goods to move across borders without regulatory or tariff barriers.
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