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An increasing number of retailers have created their own ________, almost completely replacing non-branded products.
Marginal Opportunity Cost
By deciding on one route, one foregoes the possible advantages that other routes could have offered.
Long-run Equilibrium
The state in which, over time, supply and demand are balanced, and all adjustments to economic conditions have been made, resulting in stable prices and outputs.
Marginal Cost
The hike in expense for producing another unit of a product or service.
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