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Marginal Cost
The increase in total cost that arises from producing one additional unit of a product or service.
Increase Quantity
A strategy or action aimed at raising the amount of goods or services produced or available.
Maximum Willingness to Pay
The highest amount a consumer is willing to spend on a good or service, reflecting the perceived value.
Consumer Surplus
The difference between what consumers are willing to pay for a good or service and what they actually pay.
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