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The main weakness of the Articles of Confederation was a weak national government.
Socially Optimal
Refers to the most efficient allocation of resources from society's point of view, where social welfare is maximized.
Economic Profits
The difference between a firm's total revenues and its total costs, including both explicit and implicit costs, representing the gains from its operations.
Marginal Revenue
The additional income earned by selling one more unit of a product or service.
Toys
Objects designed for play, typically used by children, that can range from simple handmade items to complex electronic gadgets.
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