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Marginal Product
The additional output produced as a result of adding one more unit of a specific input, holding all other inputs constant.
Resource
A source or supply from which a benefit is produced and that has some utility, which can include natural resources, human resources, and capital.
Units
A measurement or quantity of something, used in various contexts such as economics, to quantify production, sales, or other items.
Purely Competitive
A market structure characterized by an infinite number of small buyers and sellers where the product is a commodity, allowing no single participant to significantly influence price.
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