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During the 1970s, the fear of success concept was proposed as an explanation for women's reluctance to attempt male-dominated careers. An alternative explanation for the small number of women in some occupations during that time was
Equilibrium Price
The price point in the market where the amount of products available meets the amount of products consumers want to buy.
Demand
The quantity of a product or service that consumers are willing and able to purchase at various prices over a given period of time.
Allocative Efficiency
A state of the economy in which production represents consumer preferences; every good or service is produced up to the point where the last unit provides a marginal benefit equal to its marginal cost of production.
Productive Efficiency
A situation in which an economy or entity can no longer produce additional amounts of a good without lowering the production level of another product.
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