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Explain What Happens When the Demand Curve Intersects with the Supply

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Essay

Explain what happens when the demand curve intersects with the supply curve.


Definitions:

Niche Market

A small, specialized segment of the market with specific needs that are not being addressed by mainstream providers.

Market Share

The portion of a market controlled by a particular company, product, or brand, often expressed as a percentage of total sales in that market.

Strategy Formulation

The process of defining a company's strategy or direction and making decisions on allocating resources to pursue this strategy.

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