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Determines the market value of music products and live show tickets.

Measures how changes in price affect the quantity demanded for music or music streaming services.

The cost of producing one additional unit of a music record or digital download.

Cost advantage that arises with increased output of music products.

Describes the competitive environment of the music industry, like oligopoly in record labels.

GDP includes the value of the music industry's output as part of a country's economic output.

Sources of revenue for the music industry through the authorization of music rights usage.

Musicians and producers hold rights to their music which generates royalties.

Occurs when a company expands its control over multiple levels of the music industry production chain.

Occurs when companies merge at the same stage of production in the music industry.

Music companies expand into different markets or sectors for growth and risk mitigation.

A situation where there is a single provider of a certain type of music or music service.

Charging different prices for music products or services to different consumers.

Payments made to artists for use of their music, providing them with a share of the revenue.

Determines the level of sales needed for a music business to cover its costs without making a loss.

The potential revenue lost when a musician or label chooses one economic action over another.

The difference between the highest price consumers are willing to pay and the price they actually pay for music.

The difference between the lowest price producers are willing to sell for and the price they actually receive.

Costs that do not vary with the level of output in the music production process.

Costs that change directly with the level of production or sales in the music industry.

A measure used to evaluate the efficiency or profitability of an investment in the music industry.

Costs that have already been incurred in the music industry and cannot be recovered.

Limited availability of music products or tickets, which can increase demand and value.

Products that enhance the value of music, such as headphones or concert tickets with album purchases.