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Which of the following is NOT included in the M1 measure of money?
Purely Competitive Firm
A firm that operates in a market where there are many buyers and sellers, all products are identical, and there are no barriers to new firms entering the market.
Vertical Axis
The “up-down” or “north-south” measurement line on a graph or grid.
Marginal Revenue
The financial gain from disposing of one extra unit of a product or service.
Average Revenue
The amount of income generated per unit of sale or the total income divided by the number of units sold.
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