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After the Persians under Cyrus conquered Babylon in 538 B.C.
Competitive Firm
A business that operates in a market with many buyers and sellers, where no single entity can significantly influence the market price of goods and services.
Marginal Product
The additional output that results from using one more unit of a particular input, holding all other inputs constant.
Quantity of Land
The total amount of land available for use or development, within a specific area, which can impact agricultural, industrial, and residential development.
Marginal Product
The extra production gained by adding one more unit of a specific input while keeping all other inputs unchanged.
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