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"Inside information" is the use of information
Market Demand
The aggregate quantity of a good or service that all consumers in a market are willing and able to purchase at different prices.
Stackelberg Leader
The Stackelberg leader refers to the dominant firm in a duopoly that makes its production decision first, thereby influencing the market actions of the following competitor.
Marginal Cost
The extra charge incurred upon the production of an additional good or service unit.
Industry Output
The total production of goods and services by all firms within a specific industry sector over a given period of time.
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