Examlex
The active promotion of democratic institutions and practices that protect minority rights is one of the regional and global forces that has helped to explain the decline in the number of ethnic wars.
Marginal Cost
The elevated cost of producing an additional unit of a product or service.
Average Cost
The total cost of production divided by the total quantity produced, indicating the cost per unit of output.
Monopolist
An individual or entity that holds exclusive control over the supply of a particular goods or service, allowing them to manipulate market conditions.
Marginal Cost
The increase in total production cost that arises from producing one additional unit of a good or service.
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