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Regarding the abuse of drugs, which of the following statements is FALSE?
New Firms
Entrepreneurial ventures that have recently been established in the market.
Dominant Firms
Companies that hold a significant portion of market share within their industry, influencing market prices and competition.
Purely Competitive Markets
Markets characterized by many sellers offering identical products, leading to a high degree of competition and efficiency.
Consumer Surplus
The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually pay.
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