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Suppose Carrie's utility function for clams is as follows: If she consumes 1 clam,she gets 10 units of total utility; for 2 clams,she gets 18 units of total utility; for 3 clams,she gets 24 units of total utility; for 4 clams,she gets 28 units of total utility; for 5 clams,she gets 30 units of total utility; and for 6 clams,she gets 26 units of total utility.
Market Share
The share of a market dominated by a specific company or product.
Perceived Market
A market as it is understood or interpreted by individuals or groups, potentially differing from objective measurements.
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