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Gains from trade arise because of:
Government Setting
The environment and conditions created by governmental policies, laws, and regulations.
Price Of Pencils
The amount of money required to purchase a pencil, determined by factors such as production costs, demand, and supply.
Price Ceiling
A government-imposed limit on how high a price can be charged on a product or service, intended to protect consumers from conditions that could make necessary goods unaffordable.
Maximum Price
A ceiling price set by an authority, above which the sale of a good or service is not allowed.
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