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Deserts typically occur in a band at 20 degrees north and south latitude because
Economic Models
Simplified representations of complex economic processes, used to predict future economic behaviors and outcomes.
Entrepreneurship
The activity of setting up a business, taking on financial risks in the hope of profit.
Implicit Costs
The opportunity costs of resources already owned by the firm and used in business, for which no cash payment is made.
Price-Discriminating
A pricing strategy where a seller charges different prices for the same product or service to different customers, based on factors like buyer's age, location, or purchase history.
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