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What were the environmental and political effects of the French fur trade?
Large Quantity
Refers to a significantly high volume of goods or products, often associated with bulk buying or production.
Monopoly
A monopoly exists when a single company or entity has exclusive control over a particular market or product, allowing it to set prices without competition.
Price Discrimination
The strategy of selling the same product at different prices to different groups of consumers, often based on their willingness to pay.
Monopolist's Profits
The earnings a monopoly makes, calculated as total revenues minus its total costs, benefiting from the absence of competition in its market or industry.
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