Fill in Missing Number

question 45

Short Answer

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Definitions:

Equilibrium

A market scenario where the balance between supply and demand stabilizes prices.

Profit-Maximizing Quantity

The manufacturing level where an enterprise attains its greatest possible earnings.

Natural Monopoly

A market condition where due to high fixed or startup costs, a single firm can supply a product or service to an entire market more efficiently than multiple firms could.

Electricity

A form of energy resulting from the existence of charged particles such as electrons or protons, either statically as an accumulation of charge or dynamically as a current.