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Which of the following are common approaches to determining the problems consumers face?
Licenses
Legal permissions granted by authorities to individuals or companies to engage in certain activities or businesses.
Patents
Legal documents granted by a government that give an inventor exclusive rights to use, make, and sell an invention for a certain period of time.
Perfect Mobility
The theoretical condition in which factors of production such as labor and capital can be moved without any barriers between industries or geographical locations.
Perfect Knowledge
A theoretical situation in which all participants in a market have complete and accurate information about past, present, and future conditions.
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