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What is the term of the following definintion.
-Involves a market model with a few large firms and relatively high barriers to entry.
Quantity Supplied
The measure of a good or service that firms are eager and prepared to distribute at an established price throughout a set period.
Quantity Demanded
The total amount of a good or service that consumers are willing to buy at a given price in a given time period, holding all other factors constant.
Number of Sellers
Refers to the total count of providers or vendors of a particular good or service in the market.
Price of Air Conditioners
The amount of money required to purchase air conditioning units, influenced by factors such as brand, technology, energy efficiency, and market demand.
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