Examlex
Which of the following is a requirement of a valid offer?
Charge a Price
The act of assigning a monetary value to a product or service that customers must pay to obtain it.
Marginal Cost
is the cost incurred by producing one additional unit of a product or service.
Profits
The financial gain made in a transaction or operation, calculated as the difference between revenue and expenses.
Firm
A business organization, such as a corporation or partnership, that sells goods or services in exchange for revenue.
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