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Sometimes Michelle's mom takes work calls while they are eating dinner. This influence on Michelle comes from her
Marginal Revenue
The additional income generated from selling one more unit of a good or service.
Marginal Cost
The uptick in the sum total of costs due to the production of an additional unit of a good or service.
Exiting Industry
Refers to the process of firms leaving a specific market or sector, typically due to factors like unprofitability, competition, or changing market conditions.
Minimize Losses
The strategy or process of reducing the amount of losses incurred by a business, investment, or action as much as possible.
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