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The coatings industry is one of the most heavily regulated industries in the world, so producers have been forced to adopt low-solvent and solventless technologies in the past 40 years, and will continue to do so. For example, a certain equipment can produce 10 tons of output per hour. Defenders of price gouging like Cowen are falling victim to what James Kwak has labeled "Economism" - which is basically relying too blindly on the tenets of basic economics or "Econ 101" and failing to realize that the real world is a much more complicated place than that described in principles textbooks. Economic analysis of law applies the tools of microeconomic theory to the analysis of legal rules and institutions. 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Optimisation : Optimisation means the most efficient use of resources subject to certain constraints it is the choice from all possible uses of resources which gives the best results, it is the task of maximisation or minimisation of an objective function it is a technique which is used by a consumer and a.