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Which of the following is consistent with the mandate theory of elections?
Purely Competitive Firm
A company operating in a market where there are many buyers and sellers, all selling identical products, and no single buyer or seller can influence the market price.
Total Revenue
The cumulative financial gain a company secures from its commercial activities, including sales and services, within a particular duration.
Upsloping Line
In graphical representations, a line that rises from left to right, often used to depict positive relationships between two variables, such as price and supply.
Marginal Revenue
The increment in revenue realized from the sale of an additional unit of a product.
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