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In the above figure, in order for the equilibrium price to remain constant while the equilibrium quantity increases, the
Business
An organization or entity engaged in commercial, industrial, or professional activities.
Unique Value Proposition
A distinct and convincing reason why a product or service is superior to others, aiming to persuade potential customers.
Monopoly Situations
Market conditions where a single company or entity has exclusive control over a particular commodity or service, limiting competition.
Monopolistic Competition
Occurs when there are many firms that sell closely related but not homogeneous products; these products may be viewed as substitutes but are not perfect substitutes.
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