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The figure shows the supply curve (S) and the demand curve (D) for college education. The external benefit from college education is $6,000 per student per year and is constant.
-In the figure above, with no government involvement and if the colleges are competitive, what is the deadweight loss?
Discretionary Spending
Expenditures made at the discretion of a business or individual, which are non-essential and can be adjusted or eliminated.
Accounting-Based Incentives
Compensation schemes for employees or executives that are tied to accounting performance measures, such as earnings or return on assets.
Executive Compensation
The total remuneration package provided to executives, including salary, bonuses, shares, options, and other benefits.
Discretion Over
Having the authority to make decisions and judgments in certain situations without the need for specific authorization.
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