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A composition provides a longer period of time for a debtor to pay his or her debts.
Market Outcome
The end result of market interactions, determined by supply and demand forces, affecting prices and quantities.
Efficient Price
A market price that fully reflects all available information and maximizes the total benefits to society.
External Benefits
Positive effects experienced by third parties or the public due to an economic transaction they were not directly involved in.
Market Outcomes
The results of interactions between buyers and sellers in a market, including price, quantity, and quality of goods and services traded.
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