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In populations of the greater prairie chicken in Illinois,genetic diversity was
Equilibrium Price
The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, resulting in a balance of the market.
Equilibrium Quantity
The quantity of goods or services supplied that is equal to the quantity demanded at the equilibrium price.
Marginal Social Cost
The cost to society of producing one additional unit of a good or service, incorporating both the private costs and any external costs.
Consumer Surplus
The gap observed between the consumer's desired price for a good or service and the price that is actually paid.
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