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When the triceps brachii muscle contracts, what movements does it produce?
Economic Efficiency
A condition in which resources are allocated in the most effective way possible, maximizing outputs from given inputs without waste.
Allocative Efficiency
A state of resource allocation where goods and services are distributed according to consumer preferences, reflecting an optimal distribution of resources.
Producer Surplus
The gap between the minimum amount sellers are prepared to accept for a product or service and the actual price it sells for.
Negative Externalities
Costs that result from an activity or transaction and affect third parties who did not choose to incur that cost.
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