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Hard determinists and Libertarians agree that free will is incompatible with determinism.
Marginal Product
The increase in output resulting from a one-unit increase in the amount of a single input, holding all other inputs constant.
Equilibrium Value
The price or point at which the quantity of a product demanded equals the quantity supplied, leading to market stability.
Marginal Product
The additional output that can be produced by adding one more unit of a specific input, holding all other inputs constant.
Factor Market
A marketplace for the services of a factor of production, such as labor, capital, or land, where these are bought and sold.
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