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Which of the following is a consequence of Europeans invading the early American settlements?
Industrial Organization
A field of economics that studies the structure of industries, the behavior of firms within the market, and their interaction with market mechanisms.
Market Outcome
The equilibrium result of market forces of supply and demand determining the price and quantity of goods and services exchanged.
Implicit Costs
Input costs that do not require an outlay of money by the firm
Outlay
The amount of money spent on a particular item or service, serving as expenses in financial transactions or projects.
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