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Which fallacy is committed by the following argument? I've always wanted to own a pony, so I know that one day I will.
Market Price
The current price at which a good or service can be bought or sold in an open and competitive market.
Purely Competitive Market
A market structure characterized by a large number of buyers and sellers, homogeneous products, and free entry and exit, leading to price taking behavior.
Purely Competitive Firm
A company operating in a market where there are many buyers and sellers offering homogeneous products, leading to the inability to influence market price.
Total Revenue
The total income received by a firm from the sale of its goods or services.
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