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Industry Output
The total production of goods and services produced by a specific sector of the economy over a given period.
Marginal Cost
The cost incurred from producing one additional unit of a good or service.
Fixed Cost
Costs that do not vary with the level of production or sales, remaining constant regardless of the amount of goods or services produced.
Crude Oil Price
The cost per barrel of unrefined petroleum, a key determinant of energy costs, affecting global economies.
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