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Recall the Application about the market for meteorites to answer the following question(s) .
-According to the Application,what determines the price of a meteorite?
Government Actions
The measures and policies implemented by governmental bodies to influence economic, social, or political outcomes.
Communist Theory
A social, political, and economic ideology that aims at the establishment of a classless society where the means of production are owned communally.
Private Property
Legal rights that allow individuals or entities to own, use, and dispose of assets.
Demand and Supply
Fundamental economic concepts that describe the amount of a product or service available for purchase (supply) and the desire of buyers for it (demand), influencing price and market equilibrium.
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