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Equilibrium Prices
The market price at which the quantity of goods supplied is equal to the quantity of goods demanded, leading to a stable market condition where there is no tendency for change.
Seating Capacity
The number of people who can be accommodated in a space, such as a vehicle, room, or venue, based on the available seats.
Tax Revenue
The revenue that governments acquire by imposing taxes.
Output Efficiency
A state where resources are allocated in the most effective manner, producing the maximum amount of goods and services.
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