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________ Buy Components from Manufacturers and Assemble Them to Make

question 4

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________ buy components from manufacturers and assemble them to make their own products.


Definitions:

Profits

The difference between a business's revenues and its expenses.

Marginal Costs

The added cost due to the production of an extra unit of a product or service.

Demand

In economics, the quantity of a good or service that consumers are willing and able to purchase at various prices during a given period.

Copyrights

Legal rights given to creators over their creations, granting them exclusive rights to use and distribute their work for a certain period of time.

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