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What are three problems associated with synthetic pesticide use in large-scale agriculture?
Utility Function
A function that captures the level of satisfaction or happiness that consumers derive from consuming various combinations of goods and services.
Initial Allocation
The initial distribution of goods, resources, or entitlements among individuals or groups before any trade or market exchange occurs.
Contract Curve
In economics, it is a curve that shows the set of mutually beneficial (efficient) allocations in a trade or exchange situation.
Edgeworth Box
A diagram used in microeconomics to show the distribution of resources and the optimal allocation between two individuals.
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