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Explain the influence of the printing press.
Optimal Supply
Refers to the ideal level of stock or inventory that a company should maintain to meet demand without incurring excess costs or shortages.
Product Price
The monetary cost of a product, determined by factors such as production costs, competition, demand, and market conditions.
Externality
A consequence of an economic activity experienced by unrelated third parties; it can be positive or negative.
Supply Curve
A graphical representation showing the relationship between the price of a good and the quantity of that good that suppliers are willing to sell.
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