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A___________ is a condition produced by the problem.
Supply and Demand
Fundamental economic model that explains how the interaction between the quantity of a good or service available (supply) and the desire for it (demand) determines its price.
Consumers
Individuals or entities that purchase goods and services for personal use or consumption.
External Costs
Costs incurred as a result of an economic activity that affects third parties who did not choose to incur that cost.
Free Enterprise
An economic system where private businesses operate in competition, largely free of state control, with the prices of goods and services determined by the open market.
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