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Just before the last election cycle the members of a state house of representatives got together and redrew the boundaries for various voting districts. The group that held power at the time consistently blocked efforts to draw boundaries favorable to the minority party and instead divided the state in a way that would ensure them the most votes in a process known as __________.
P = MC
The condition where price equals marginal cost, often used to determine the optimal level of output in perfect competition.
Monopolist
A sole provider of a good or service in a market, having significant control over prices and market conditions.
Demand Curve
A chart illustrating the correlation between a product's price and the amount consumers want to buy.
Total Revenue
The total amount of money generated by a business from selling goods or services.
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