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Explain the transnational network structure.What are its three subcomponents?
Net Price
The actual price paid for a product or service after deducting any discounts, rebates, or allowances from the list price.
Equilibrium Quantity
The quantity of goods or services supplied and demanded at the equilibrium price, where market forces balance.
Tax Burden
The total amount of tax that individuals or businesses must pay to governmental authorities.
Inelastic
A characteristic of demand or supply where the quantity demanded or supplied changes by a smaller percentage than the changes in price.
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