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The midlife transition, for both men and women, in which fertility declines.
Break-even Point
The production level at which total revenues equal total expenses, indicating no profit or loss, crucial for understanding the financial feasibility of a product or business.
Supply Curve
A graphical representation showing the relationship between the price of a good and the amount of it that suppliers are willing to sell.
Oligopoly
A market structure characterized by a small number of firms controlling a large majority of the market share, influencing prices and competition.
Monopolistic Competition
A market structure where many firms sell products that are similar but not identical.
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