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Gabrielle is the West Coast manager of Umbrellas Are Us. Other managers are in charge of the East Coast, South, and Central divisions. Her brother, Ryan is a marketing manager at a different firm who enjoys watching sports with the finance and operations managers from his company. Gabrielle most likely works in a company with a ______ structure, while Ryan most likely works in a company with a ______ structure.
Price
The cost at which goods or services are offered to consumers.
Surplus Amount
The excess of supply over demand in a market, resulting in downward pressure on prices.
Consumer Surplus
The discrepancy between what consumers are ready and capable of paying for a product or service and the actual amount they end up paying.
Price Falls
A decrease in the market price of goods or services, often due to increased supply, reduced demand, or other market dynamics.
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