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Who led the campaign for a unified Europe that could compete with U.S.and Japanese economic strength as president of the European Commission in the mid-1980s?
Unit Price
The cost per unit of a product or service, making it easier to compare the value of similar items.
Market Price
The current market price for buying or selling an asset or service in an open exchange.
Purely Competitive
A market structure characterized by many buyers and sellers, homogeneous products, and free entry and exit of firms.
Short Run
A period in which at least one factor of production is fixed, affecting the ability of a business to increase output in response to increased demand.
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