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The conclusion,which follows the introduction,consists of several paragraphs that support the topic._________________________
Barrier To Entry
Factors that make it difficult for new competitors to enter a market, such as high start-up costs or regulatory hurdles.
Price-Control Legislation
Laws enacted by a government to regulate the prices charged for goods and services in the market, often to protect consumers.
Invisible Hand Principle
The tendency of market prices to direct individuals pursuing their own interests to engage in activities promoting the economic well-being of society.
Price-Taker Markets
Markets in which individual buyers or sellers have no influence over the price of a product, typically due to the product being a commodity with many competitors.
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