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The most abundant component of plasma is water.
Purely Competitive Market
A market structure characterized by a large number of buyers and sellers, homogeneous products, and free entry and exit, leading to price taking behavior.
Purely Competitive Firm
A company operating in a market where there are many buyers and sellers offering homogeneous products, leading to the inability to influence market price.
Total Revenue
The total income received by a firm from the sale of its goods or services.
Marginal Revenue
Marginal revenue is the additional income generated from selling one more unit of a good or service.
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