Examlex
Which of the following are statements?
Property Rights
The legally guaranteed rights to own, use, and dispose of assets, including physical and intellectual property.
Total Surplus
The sum of consumer surplus and producer surplus in a market, representing the total benefits received by all parties involved.
Equilibrium Price
The price at which the quantity of a good demanded equals the quantity supplied, resulting in market stability.
World Series
The annual championship series of Major League Baseball in North America, contested since 1903 between the American League and National League champions.
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