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Compare and contrast the chief ideas of Calvinism and Lutheranism.What were their main points of similarity and dissimilarity? Why did Calvinism become the major international form of Protestantism?
Competitive Market
A market structure characterized by a large number of buyers and sellers, free entry and exit, and products that are close substitutes, leading to price competition and efficiency.
Output
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Economic Inefficiency
A situation in which resources are not used in the most effective way, leading to potential losses in productivity or value.
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