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Equilibrium Price
The pricing level where goods supplied and goods demanded by consumers are equal.
Government Interference
Actions by a government that affect the market, potentially through regulations, taxes, subsidies, or direct control of industries.
Marginal Cost
Marginal cost is the cost incurred by producing one additional unit of a product or service, often considered for decision-making regarding production levels.
Equilibrium Price
The sale price at which the supply of goods precisely meets the demand in the market.
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