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Click Enterprises operated a software and internet business in Ontario to facilitate the illegal copying and downloading of movies in both Canada and the United States.Disney Enterprises brought action against Click in New York.Which of the following statements is true?
Marginal Cost
The additional cost incurred by producing one extra unit of a good or service.
Producer Surplus
The difference between the amount producers are willing to accept for a good or service versus what they actually receive.
Allocative Efficiency
A state of resource distribution where it is impossible to make any one individual better off without making someone else worse off.
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