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Mort is going to the supermarket to pick up seven items - a toilet brush,shampoo,apples,toothpicks,baby diapers,a birthday card,and pasta.He has them written down in this order on his shopping list,but he gets to the store and finds that he's left the list at home.He finds the first few things and the last few things on his list,but for all of his effort he cannot remember that he needed toothpicks.This tendency to forget things that came in the middle of a list of items is called the __________ effect.
Deadweight Loss
A loss of economic efficiency that can occur when the equilibrium for a good or service is not achieved, leading to an under or overallocation of resources.
Pay-per-view
A television service allowing viewers to purchase events to be viewed on a private telecast at home.
Deadweight Loss
The loss of economic efficiency that can occur when equilibrium for a good or a service is not achieved or is not achievable.
Monopoly
A market configuration where there is only one seller offering a distinct product, without any similar alternatives available in the market.
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