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Which of the following is the least likely to be a competitive market?
Trade Permits
Licenses required by governments for the legal import or export of certain goods, services, or commodities.
Total Cost
The overall expenditure involved in generating products or offering services, comprising both unchanging and adjustable expenses.
Subsidizing
The act of providing financial support by the government to lower the cost of producing goods or services, often to encourage production or consumption.
External Benefit
A positive effect or advantage that extends beyond the direct parties involved in a transaction, affecting others who are not directly involved.
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