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Refer to the graph shown. When the market is in equilibrium, total surplus is area:
Examine
To inspect or scrutinize something carefully in order to understand its nature or to determine its essential features.
Total Quality Management
An organizational approach that seeks continuous improvement in all aspects of operations through the involvement of all employees, aiming to achieve long-term success through customer satisfaction.
Organization-Wide Commitment
A unified dedication across all levels of an organization to achieve its mission, values, and goals.
Continuous Improvement
An ongoing effort to enhance products, services, or processes by making incremental improvements over time or through significant changes at once.
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