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In an interview,_____ are questions that ask a person to evaluate something by providing limited answers to specific responses or on a numeric scale.
Marginal Cost
The additional cost incurred by producing one more unit of a product.
Raise Price
An action taken by a seller to increase the selling price of a product or service, often in response to higher costs or in an attempt to increase profits.
Economic Profit
The difference between total revenue and total costs, including both explicit and implicit costs, representing the excess that remains after a firm has paid all costs.
Pure Monopoly
A market structure where a single company is the sole producer of a particular good or service, facing no competition.
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