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What are ventifacts?
Pumpkins
A type of squash plant that produces large, round, orange fruits associated with fall and Halloween decorations.
Constant Marginal Cost
A situation where the cost of producing one additional unit of a good remains the same regardless of the level of production.
Cournot Duopolists
Firms in a duopoly market structure who compete on the basis of quantity produced, as modeled by Antoine Cournot.
Demand Curve
A graph depicting the relationship between the quantity of a good that consumers are willing to buy and the price of the good.
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