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The introduction of a new species into an area that has several different habitats and very rich resources, but no predators will likely lead to
Marginal Revenue Product
The additional revenue generated from using one more unit of a factor of production, holding all other factors constant.
Law of Diminishing Returns
This economic law states that after a certain point, successive increments of a single factor of production yield progressively smaller increases in output.
Competitive Market
A market environment where numerous producers and consumers interact, leading to price competition and variety in products.
Marginal Revenue Product
The additional revenue generated from employing one more unit of a resource, such as labor or capital, in the production process.
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