Examlex
The New York Times calls Marissa Mayer the "__________" of Google's home page,the one person who "controls the look,feel,and functionality of the Internet's most heavily trafficked search engine."
Marginal Revenue
The additional income gained from selling one more unit of a good or service.
Purely Competitive
An alternative term for pure competition, describing a market structure with a high degree of competition, including many sellers offering identical products and free market entry and exit.
Minimum AVC
The lowest point on the average variable cost curve, indicating the most efficient scale of production with respect to variable costs.
Total Fixed Costs
The sum of all costs required to produce any level of output that remains unchanged, regardless of the level of production or sales.
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