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How does a community developer ensure sustainability of community development efforts?
Purely Competitive
A market structure characterized by a large number of small firms, a homogeneous product, free entry and exit, and complete information, leading to price taking behavior.
Equilibrium Price
The market price at which the quantity of goods demanded equals the quantity supplied, leading to market stability.
Market Demand
The combined volume of a good or service that consumers in a marketplace are ready and capable of buying at assorted prices.
Marginal Cost
The funding necessary to manufacture an extra unit of a good or service.
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