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2
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A system in which economic decisions are controlled by the government.
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3
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The increase in revenue from the sale of one additional unit of output.
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4
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Method by which governments distribute resources, produce goods and services and trade these goods and services.
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5
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An economic system in which free markets operate with some level of government intervention.
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6
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Structures that allow buyers and sellers to exchange different goods and services in exchange for money.
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7
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The point at which supply and demand are equal.
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8
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A market structure wherre only one firm produces and sells a product in the market.
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9
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Occurs when there is a change in quantity demanded or supplied, owing to factors other than price.
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