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The colonists began using the word American to describe themselves
Market Price
The price at which a good or service is offered in the marketplace, determined by supply and demand dynamics.
Short Run
A period in which at least one factor of production is fixed and cannot be altered, limiting the immediate operational changes a business can make.
All-Natural Ice Cream
Ice cream made exclusively with natural ingredients, without artificial flavors or preservatives.
Market Price
The current price at which a good or service can be bought or sold in a competitive market.
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