In Desperate Need Of Help With A Economics Question Please Thanks =)?

[lathrop]

Part 1: Economists are fond of saying "there is no such thing as a free lunch." From an economist's perspective, in at least two well-developed paragraphs, explain what this statement means. Be sure to explain how situations like this include choices and trade-offs, and include an example.

Part 2: From a consumer's perspective, in at least one well-developed paragraph, describe how consumer rights can be overlooked.

[chepito]

It means scarcity.Everything has its own opportunity cost.And usually,the cost is increasing.There is a trade-off,therefore.The biggest one is between efficiency and equality.
It means imperfect market.Monopolist will try to maximize profit with inelastic demand.The consumers will response less to price change.There are less alternatives.