Examlex
Groups and teams are the same thing.
Price Searcher
A firm that determines the price of its products with some degree of market power, usually by differentiating its products from those of competitors.
Marginal Revenue
Incremental income earned by selling an additional unit of a good or service.
Marginal Cost
The rise in expenses associated with the production of an extra unit of a product or service.
Price-searcher Firm
A company that determines the price of its products based on demand and supply conditions rather than prevailing market prices.
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