Examlex
Why is it that anecdotes such as that of the Vietnam War veteran who dehumanized the Vietnamese are not sufficient evidence to support the idea that soldiers will dehumanize the enemy?
Consumer Surplus
Consumer surplus is the difference between what consumers are willing to pay for a good or service and what they actually pay, representing a measure of consumer benefit.
Producer Surplus
The additional income producers receive when they sell a product for more than the minimum they would have been willing to sell it for.
Complementary Goods
Products or services that are typically consumed together, where a decrease in the price of one leads to an increase in demand for the other.
Producer Surplus
The difference between the amount a producer is paid for a good versus the minimum amount they would be willing to accept.
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