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Who stands to gain as a result of continued unanticipated inflation?
Catfish
A diverse group of ray-finned fish known for their prominent barbels, which resemble a cat's whiskers.
Industrial Regulation
Oversight and rules established by government agencies to govern how businesses can operate in certain industries to promote fair practices and competition.
X-inefficiency
A situation where a firm operates with higher than necessary costs due to a lack of competition or other inefficiencies, not achieving maximum productivity.
Principal-agent Problems
Conflicts of interest and challenges in monitoring that arise in relationships where one party (the agent) is supposed to act in the best interest of another (the principal).
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