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Why is the US Endangered Species Act controversial?
Efficient Mix
The most advantageous combination of goods and services that can be produced and distributed with the available resources and technology, maximizing overall welfare.
Equate Price
The action of setting two or more goods or services to have the same price.
Marginal Cost
The outlay involved in the creation of an additional unit of a good or service.
Pareto Efficient
An economic state where resources are allocated in a way that it is impossible to make any one individual better off without making at least one individual worse off.
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