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In what manner does predation reduce competition?
Equilibrium
A state in which market supply and demand balance each other, and as a result, prices become stable.
Creative Entrepreneur
An individual who innovates and creates new products, services, or business models, often in the arts, media, or technology sectors.
Profitably Exploit
Involves leveraging resources or opportunities in a way that maximizes profit.
Buyer Surplus
The difference between what consumers are willing to pay for a good or service versus what they actually pay.
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