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Explain why substance abuse is so resistant to treatment and is associated with such high relapse.
Allocative Efficiency
A state of the economy in which resources are allocated in a way that maximizes the total benefit to society.
Collusive Oligopoly
A market structure where a few firms dominating the market agree to set prices or output levels, reducing competition and maximizing collective profits.
Limit Pricing
A strategy where a firm sets the price of its products low enough to discourage new competitors from entering the market.
Price Leadership
A strategy where a leading firm sets prices that other firms in the market follow.
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