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Market Participants
Individuals or entities engaging in the buying, selling, or exchange of goods and services in a market.
Standardized
Established to have uniform procedures, dimensions, materials, or tests, to ensure consistency and comparability across different entities or products.
Economic Profits
The excess of total revenue over total costs, including both explicit and implicit costs, in economics.
Market Supply
The total amount of a good or service that producers are willing and able to sell at varying price points, at a given time.
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