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Economic Power
The capacity of an entity, such as a company or country, to influence economic outcomes within its environment for its own benefit.
Political Power
The ability or capacity of a person or group to influence or control the actions and policies of a government or organization.
Public Utilities
Companies that provide essential services to the public, such as water, electricity, gas, and telecommunications, often regulated by the government.
ATC Curve
The Average Total Cost curve, it represents the per-unit total cost of production (fixed plus variable costs divided by total output) at various levels of output.
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