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What makes it difficult for a runner to change either speed or direction?
Scarce Resources
Limited natural, human, and capital resources that cannot satisfy all wants and needs.
Consumer Preferences
Describes the subjective tastes and preferences of individual consumers, influencing their purchasing decisions.
Marginal Benefit
The additional satisfaction or value a consumer gains from consuming one more unit of a good or service.
Purely Competitive
Describes a market structure where many small firms compete against each other, with no single entity able to control the market price.
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