Examlex
The opening through the vocal cords is called the:
Marginal Costs
The cost associated with producing one additional unit of a good, highlighting the changes in total production cost.
Profit Maximizing
A strategy or point at which a business achieves the highest level of profit possible with the given resources and market conditions.
Parallel Conduct
Form of implicit collusion in which one firm consistently follows actions of another.
Implicit Collusion
An understanding or arrangement among competitors where they cooperate indirectly by making similar business decisions without explicit agreement.
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