Examlex
A system of beliefs that justifies a particular social arrangement, such as slavery, is called ________.
Net Social Gain
The overall benefit to society from an economic transaction or policy, taking into account both benefits and costs.
Monopoly
A monopoly is a market structure where a single firm has exclusive control over the market supply of a product or service, often leading to higher prices for consumers.
Megawatts
A unit of power equal to one million watts, often used to describe the output capacity of power plants or the amount of electricity required by large entities.
Rent-Seeking Behavior
Actions by individuals or companies to increase their own wealth without creating new wealth or value, often through manipulating the environment in which economic activities occur.
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