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-In Figure 2.1, a "P*" for equilibrium price would go in
Rent
The payment made for the use of a property, such as land, a building, or an apartment, typically on a monthly basis.
Variable Costs
Costs that change in proportion to the level of goods or services that a business produces.
Labor Costs
The total expenses incurred by employing labor, including wages, salaries, and benefits.
Raw Materials
The basic material from which a product is made, often used in manufacturing and production processes.
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