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Recent studies suggest that putting a child to sleep on his back may
Marginal Opportunity Cost
By deciding on one route, one foregoes the possible advantages that other routes could have offered.
Long-run Equilibrium
The state in which, over time, supply and demand are balanced, and all adjustments to economic conditions have been made, resulting in stable prices and outputs.
Marginal Cost
The hike in expense for producing another unit of a product or service.
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