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What is the total number of votes in the Electoral College?
Equilibrium
A state where supply equals demand in a market, resulting in an optimal distribution of goods and services.
Minimize Average Cost
The process of reducing the total cost per unit of goods or services produced.
Barriers To Entry
Obstacles that make it difficult for new firms to enter a market, which may include high start-up costs, regulatory hurdles, or strong competition.
Monopolistic Competition
Market in which firms can enter freely, each producing its own brand or version of a differentiated product.
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