Examlex
The result of the video editor's initial work is a(n) ________.
Opportunity Costs
The loss of potential gain from other alternatives when one particular alternative is chosen over others.
Marginal Revenue
The supplementary income produced through the sale of an extra unit of a product or service.
Equilibrium Price
The price at which the quantity of goods suppliers are willing to produce equals the quantity of goods consumers are willing to buy.
Normal Profit
The minimum level of profit necessary for a company to remain competitive in the market, covering opportunity costs but not generating economic profit.
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