Examlex
In a case in which there was obvious negligence, this doctrine may apply, and it is Latin for "the thing speaks for itself."
Marginal Cost
The extra expense associated with manufacturing an additional unit of a product or service.
Oligopolistic Firm
A company operating in an oligopoly market structure, characterized by a few firms dominating the market, leading to specific behaviors like pricing collusion or competition.
Price Charge
The amount of money demanded by a seller for a product or service, essentially the cost to the buyer.
Marginal Revenue Curve
A graphical representation that shows how the addition of one more unit of a good or service sold affects the total revenue of a business.
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