Examlex
The reverse of projection is identification.
Marginal Revenue
The additional income that is generated by increasing product sales by one unit.
Marginal Cost
The cost incurred by producing one more unit of a good or service.
Socially Optimal Price
A price level for goods or services that considers the wellbeing of society as a whole, often factoring in externalities.
Deadweight Loss
The diminishing of economic efficiency when equilibrium in the free market for a product or service is not attained.
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