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What is the difference between functional fixedness and mental set?
Government
The organization or system through which a community or society exercises authority and performs functions.
Inefficiency
A situation where resources are not used in the best possible way, often leading to wasted potential.
Monopoly
An economic setup where there is only one provider of a good or service, possessing total market control due to the lack of any similar alternatives.
Deadweight Loss
An economic inefficiency arising when there's a failure to attain the free market equilibrium for any product or service.
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