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A dominant-business firm is pursuing a related diversification strategy and has between 70 and 95 percent of firm revenues from a single business.
Marginal Revenue Product
The additional revenue generated by employing one more unit of a resource, factor, or input.
Wage Rate
The amount of compensation paid to an employee per unit of time worked, often expressed as an hourly rate.
Marginal Physical Product
The additional output resulting from using one more unit of a physical input, holding other inputs constant, in the production process.
Total Revenue
The price of a good or service multiplied by the number of units sold.
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