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According to your textbook, what kind osupporting material is used in the following speech excerpt:
Imagine this: You have spent most othe night studying for an exam. But when you get up the next morning ready to take the test, you go to your front door and it won't open. So you head to the back door, and it won't open either. You are stuck in the house. It would be pretty frustrating, wouldn't it? This is exactly the kind ofrustration wheelchair-bound students feel when they can't get to class because othe snow.
Private Company
A business entity owned by private individuals or entities and is not traded publicly on the stock market.
Natural Monopoly
A market condition where due to high infrastructure costs or significant barriers to entry, a single company can supply a product or service more efficiently than any potential competitor.
Economic Profit
The difference between total revenue and total costs, including both explicit and implicit costs, reflecting the true financial gain of a business.
Price Discrimination
A pricing strategy where a seller charges different prices for the same product or service to different customers, not based on differences in costs.
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