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In what part of Southeast Asia did the Spanish establish themselves?
Market Demand Curve
Curve relating the quantity of a good that all consumers in a market will buy to its price.
Demand Curve
A graphical representation showing the relationship between the price of a good and the quantity of the good that consumers are willing to purchase at various prices.
Incumbent Firm
An established company that holds a dominant position in a particular market or industry.
New Firms
New firms are companies that have recently entered a market, bringing fresh competition and innovation to the industry.
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