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Give the IUPAC name for oxalic acid.
Efficiently Allocated
A situation where resources are distributed in a manner that maximizes the overall benefit to society or an economy, with no way to improve anyone's condition without worsening someone else's.
Marginal Cost
The amount spent on producing one more unit of a good or service.
Average Total Cost
The per unit cost of production, calculated by dividing the total cost by the quantity of output produced.
Economic Profits
Economic profits consist of the total revenue generated by a business minus both its explicit and implicit costs, reflecting the actual profitability including opportunity costs.
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