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Explain commissions.
Total Surplus
The sum of consumer surplus and producer surplus in a market, representing the total benefit to society from the production and consumption of goods or services.
Trade
Trade involves the exchange of goods and services between people or entities, either within a country or internationally, and is a fundamental aspect of the global economy.
Skateboards
Wheeled boards used for skateboarding, a recreational activity, sport, or mode of transportation.
Producer Surplus
The difference between the amount producers are willing to accept for a good or service and the actual amount received from its sale.
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