Examlex
Digital electronics use ____ to represent data.
Excess Burden
Excess Burden, also known as deadweight loss, refers to the cost to society created by market inefficiency, which occurs when supply and demand are out of equilibrium.
Consumers
Individuals or entities that purchase goods and services for personal use.
Widgets
A generic term for any hypothetical manufactured good used in economics or consumer studies.
Consumers
Individuals or entities that purchase goods or services for personal use and not for manufacturing or resale.
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