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Monopolies
Market situations in which a single supplier dominates the supply of a good or service, with no close substitutes.
Demand Curve
An illustrated chart depicting the correlation between a product's price and the amount of it consumers want to buy at that price level.
Marginal Cost
The spending necessary to produce an extra unit of a product or service.
Intellectual Property
Legal rights that result from intellectual activity in the industrial, scientific, literary, and artistic fields.
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