Examlex
What are the three categories of sedimentary rocks?
Marginal Cost
The increase in cost that arises from producing one additional unit of a good or service.
Output Effect
The impact on total output or production due to a change in selling price, affecting the quantity sold.
Price Effect
The impact on consumer demand and consumption patterns caused by changes in the price of goods or services.
Collude
To cooperate secretly, especially with the intention to deceive or achieve an illegal or deceitful purpose.
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