Examlex
Which of these would have been most likely to be a Loyalist during the American Revolution?
Agriculture
The practice of cultivating the land and raising livestock for food, fiber, and other products.
Economic Profits
The earning surplus after all forms of expenses, direct and indirect, are deducted from total earnings.
Purely Competitive
A market structure characterized by a large number of small firms, homogeneous products, and free entry and exit, leading to price taking behavior.
Marginal Costs
The upsurge in full cost that comes from the generation of one additional unit of a good or service.
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