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Ecologists are chiefly concerned with the ________ and ________ of living things in the environment.(Outcome #7a)
Cost
The monetary value required to produce or acquire goods or services.
Competitive Firm
An individual company operating in a competitive market, where it has little to no control over the market price of its goods or services, and must accept the market price as given.
Inputs
Resources used in the production process, such as labor, capital, and materials.
Total Output
The total quantity of goods or services produced by an individual, firm, or country over a specified period.
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