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In 2005, a strain of extremely drug-resistant bacteria was isolated from a man in New York City. Public health officials braced themselves for many more cases, but they never appeared. What is the most likely explanation?
Demand Schedule
A grid outlining the quantities of an item or service that people are ready and able to buy across a range of prices.
Marginal Cost
The uptick in aggregate cost due to the output of an extra unit of a product or service.
Monopolist
An entity that is the sole provider of a particular product or service in a market, possessing significant market power and control over prices.
Output
The amount of goods or services produced by a person, machine, factory, or company within a certain period.
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