Examlex
Because the cost of starting a business in an oligopoly is usually _____, the number of firms entering it is _____.
Supply
The total amount of a product or service that is available for purchase at any given price in a given market.
Demand
The quantity of a good or service that consumers are willing and able to purchase at various prices during a certain period.
Classical Economists
Economists who emphasize the role of free markets and the importance of supply-side factors for economic growth and stability.
Equilibrium GDP
The level of output where the total quantity of goods and services produced equals the total quantity of goods and services demanded.
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