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Simplify the expression algebraically.
Positive Economics
The branch of economics that focuses on objective analysis and facts to describe how economies actually work.
Efficient Market
A market in which all available information is fully and immediately reflected in asset prices, thus making it impossible to consistently achieve higher returns on investment than average market returns on a risk-adjusted basis.
Profit Opportunities
Situations where businesses can generate higher returns on investment than the market average.
Efficient Economy
An economy where resources are allocated in the most efficient way possible, maximizing the production of goods and services without wasting resources.
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