Examlex
Which of the following is true about the U.S. military's former "Don't Ask, Don't Tell" policy?
Consumer Surplus
The benefit obtained by consumers because they are able to purchase a product for a price that is less than the maximum price that they are willing to pay.
Equilibrium Price
The rate at which the amount of products offered matches the amount of products consumers want.
Unregulated Market
A market where the government does not impose price controls, quotas, or other restrictions on the forces of supply and demand.
Deadweight Loss
The diminished economic effectiveness arising from a failure to achieve or the inability to achieve equilibrium for a product or service.
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