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Consumer surplus is the difference between the _____ is willing to pay and the market price.
Elon Musk
A technology entrepreneur and business magnate known for his role in founding and leading Tesla, SpaceX, and other innovative companies.
Patents
Legal documents granting an inventor exclusive rights to produce, use, and sell their invention for a certain period, preventing others from copying.
Long-Run Supply Curve
A graphical representation that shows how the quantity of goods supplied by an industry changes over time in response to changes in price, assuming that all inputs can be varied.
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