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What can be a result of unsatisfactory products?
Market Price
The current price at which a good or service is bought and sold in a market, determined by the interplay of supply and demand.
Purely Competitive Market
A market structure characterized by many buyers and sellers, homogeneous products, and free entry and exit, leading to price being dictated by supply and demand.
Economic Profit
The difference between a firm's total revenues and its total costs, including both explicit and implicit costs, representing surplus value created.
Average Fixed Cost
The fixed costs of production divided by the quantity of output produced.
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