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When There Are No Externalities,equilibrium in a Market

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When there are no externalities,equilibrium in a market


Definitions:

Revitalization Movement

Social movements aimed at constructing a more satisfying culture, often in response to perceived oppression or cultural disruption.

United States

A country in North America composed of 50 states, a federal district, five major self-governing territories, and various possessions.

Redistributive Exchange

An economic system where goods or resources are collected from a group and then distributed based on a specific set of criteria.

Tribute

Payment made periodically by one state or ruler to another, especially as a sign of dependence or submission.

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