Examlex
The declining cost of computer technology has made ________ a reality.
Deregulation
The act of eliminating governmental controls and rules in a sector to promote increased competition and efficiency.
Regulation
Rules or directives made and maintained by an authority to control or manage activities, often within industry sectors, for public good.
Allocative Efficiency
A state of the economy where the distribution of resources among different uses is optimal, with no one able to be made better off without making someone else worse off.
Marginal Benefits
The bonus satisfaction or utility acquired from consuming an additional unit of a product or service.
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