Examlex
It's important to use technical jargon in business messages to build your credibility with the reader.
Equilibrium Price
Equilibrium Price is the price at which the quantity of a good or service demanded equals the quantity supplied, resulting in market balance.
Equilibrium Quantity
The quantity of goods or services that is supplied and demanded at the equilibrium price, where demand equals supply.
Non-collusive Oligopolist
A firm in an oligopoly market structure that independently sets prices and output levels without secret agreements with competitors.
Marginal Cost
The increase in cost that comes from making one more unit of a product or service.
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