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What is the invisible hand theory?
Tax Per Unit
A specific tax levied on a product based on the number of units purchased, not the value of the purchase.
Efficiency Loss
The loss of economic efficiency that can occur when equilibrium for a good or a service is not achieved or is not achievable.
Deadweight Loss
Deadweight loss is an economic inefficiency resulting from a disparity between supply and demand, often caused by market interventions like taxes or price controls, resulting in potential benefits not realized by any party.
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