Examlex
The change in society's attitude from "let the buyer beware" to "let the producer beware" was fuelled by all the following factors EXCEPT:
Competitive Equilibrium
A market state where supply equals demand, and no economic actors have the incentive to change their behavior.
Demand Equals Supply
A market equilibrium condition where the quantity of a good or service demanded by consumers equals the quantity supplied by producers.
Numeraire
A unit of account or standard measure in economics used to compare the value of goods or services.
Pareto Optimal
Another term for Pareto Efficient; describes a situation where no one's condition can be improved without worsening someone else's condition.
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