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Evaluate the function at the given value of the independent variable and simplify.
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Private Property
A system where individuals and companies own and control their own possessions and assets.
Self-Interest
An individual's personal gain or advantage, often considered a driving force behind economic decisions and actions.
Lowest Price
The minimum price at which an item or service is offered in the market, often used as a competitive strategy.
Human Specialization
The process by which individuals focus on a narrow area of skills or knowledge, improving efficiency and productivity in economic systems.
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