Examlex
If a firm has a monopoly in both the production and distribution, to maximize the overall economic profit of the firm, managers of either the production or distribution center should be instructed to maximize profit and the managers of the other center should be instructed to operate as a competitive market.
Slack
Excess capacity or time available in a system, often seen as a buffer to accommodate unforeseen circumstances.
Schedule
A plan for carrying out a process or procedure, listing the times at which specific events are intended to occur.
Articulating
The act of clearly expressing an idea, thought, or feeling through speech or writing.
Slack
The amount of leeway or extra capacity available within a system, which can accommodate delays or unforeseen issues without impacting the outcome.
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