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What were the factors, internal and external, which affected the Church, and resulted in a decline of prestige and a loss of power by the beginning of the fifteenth century?
Substitutes
Products or services that can be used in place of each other, satisfying the same needs or wants of the consumer.
Monopolist
A single seller in a market who has significant control over the entire supply of a good or service, and thus can influence price.
Marginal Revenue
The additional income generated from selling one more unit of a product or service.
Equilibrium
When aggregate demand equals aggregate supply.
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