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E-Distributors Offer Fast Delivery of a Wide Selection of Products

question 60

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E-distributors offer fast delivery of a wide selection of products and services,usually at lower prices,and help companies reduce the time and expense of searching for goods.


Definitions:

Deadweight Loss

A loss of economic efficiency that can occur when the free market equilibrium for a good or a service is not achieved.

Excise Tax

A tax imposed on specific goods, services, or transactions, often included in the price of products like tobacco, alcohol, and fuel.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that producers are willing and able to sell.

Deadweight Loss

The reduction in economic efficiency that happens when a good or service doesn't reach or cannot reach equilibrium.

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