Examlex
Discuss why a company really needs and benefits from competitors.
Marginal Analysis
Marginal analysis refers to the examination of the benefits and costs of a small (marginal) change in the production, consumption, or allocation of resources.
Ceteris Paribus
A principle in economics that states other conditions remain constant while one variable changes.
Marginal Benefit
The additional satisfaction or value gained from consuming or producing one more unit of a good or service.
Marginal Cost
The cost added by producing one additional unit of a product or service.
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