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All of the following are true about camels in Arab society except
Profit Maximizing
A strategy or process undertaken by a firm to achieve the highest possible profit from its operations.
Price
The amount of money required to purchase a product or service.
Price Elasticity Of Demand
Percentage change in quantity demanded of a good resulting from a 1-percent increase in its price.
Marginal Revenue
The extra revenue received from the sale of an additional unit of a product or service.
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