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Define the following terms: Peace of Augsburg
Supply
The complete volume of a good or service offered for sale at a specified price range in a certain market area.
Elon Musk
An entrepreneur and business magnate known for his involvement in SpaceX, Tesla, Inc., and several other high-tech ventures.
Normal Profit
The minimum amount of revenue that a company needs to cover both explicit and implicit costs.
Entrepreneurs
Individuals who, rather than working as employees, run a business and assume all the risks and rewards of a given business venture, idea, or good or service offered for sale.
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