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U.S.courts often intervene in the business decisions of a firm to ensure that the firm is both maximizing profits and doing social good.
Marginal Cost
The boost in overall cost that comes from generating one extra unit of a product or service.
Quantity Effect
The change in quantity demanded or supplied of a product as a result of changes in its price.
Marginal Cost
The expense increase for generating an additional unit of a product or service.
Cartel
An association of independent businesses or countries that coordinate their actions to control the supply of a product or service, aiming to influence prices and maximize collective profit.
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