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Units
Units are standard measures or quantities used to specify or quantify the dimensions, amount, or capacity of something.
Price-Output Combination
The specific level of output and the price at which that output is sold in the market, relevant in contexts of market equilibrium and firm strategies.
Total Revenue
The total amount of money a firm receives by selling goods or services.
Elastic
refers to the responsiveness of demand or supply to changes in price or income.
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