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Price
The sum of money needed to buy a product, service, or property.
Demand Curve
The demand curve is a graphical representation showing the relationship between the quantity of a good consumers are willing and able to purchase and its price.
Marginal Revenue
The additional income that is generated by selling one more unit of a good or service.
Competitive Market
A market in which there are many buyers and sellers, so that each has a negligible impact on the market price.
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