Examlex
_____ refers to a condition marked by a habitual pattern of willingly violating others' personal rights, with very little sign of empathy or remorse.
Innovation Encouragement
Initiatives or policies designed to foster new ideas, products, or methods, particularly in technology, medicine, or other fields.
Economic Profit
The difference between a firm's total revenues and the sum of its explicit and implicit costs, indicating its overall financial health beyond just accounting profits.
Ideal Economic Efficiency
Achieving the optimum level of output and resource allocation where no individual or preference can be made better off without making someone else worse off.
Monopolist
A market participant that is the sole seller of a good or service, with significant control over its price.
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