Examlex
Product differentiation makes the demand for a monopolistically competitive firm's product
Buyers
Individuals or entities that purchase goods or services for consumption or investment.
Sellers
Individuals or entities that offer goods or services for sale to potential buyers in a marketplace.
Input Price
The cost associated with purchasing the raw materials, labor, and other resources required to produce goods and services.
Quantity Supplied
The amount of a good that producers are willing and able to sell at a certain price over a specified period of time.
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