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Briefly explain the effect of competition on economic rents.
Relationships
Connections or interactions between individuals, groups, or organizations, which can be social, professional, or emotional.
Constituency
A group of electors in a particular region who choose a representative for a law-making body.
Other Party
Refers to the opposing side or participant in a negotiation, discussion, or transaction.
Reputations
The common perceptions or opinions held about someone or something based on their history or past actions.
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