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Ten people are sitting in a row.Their objective is to whisper a secret from one person to the next all the way down the row.The first person whispers the secret to the second person who passes the secret to the third person and so on.After whispering to the third person,the second person in the row notices the ninth person has fallen asleep in their chair,so she gets up,goes down the row and shakes person nine awake.This example is similar to ________.
Government Regulation
Rules and guidelines established by the government aimed at influencing or controlling certain activities within the society or economy.
Total Surplus
The total net gain to society from a market transaction, which is the combination of consumer surplus and producer surplus.
Consumer Surplus
The gap between the aggregate amount buyers are willing and able to spend for a good or service, versus what they actually spend.
Property Rights
The legally guaranteed rights to own, use, and dispose of assets, including physical and intellectual property.
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