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If output is less than full employment in the Keynesian model,what is needed to restore full employment?
Cournot Duopolists
Firms in a duopoly market structure where each firm chooses its quantity to produce based on the quantity chosen by its competitor, following the Cournot assumption.
Marginal Cost
The charge for producing another unit of a good or service.
Demand Curve
An illustrative chart that depicts how the demand for a product varies with changes in its price.
Total Costs
The overall expenditure on the production of goods or services, covering both fixed and variable costs.
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