Examlex
An essential element of Glasser Quality Schools is the notion of lead management, which is practiced by administration as well as teachers who "always boss" and "never lead"
Marginal Revenue Curve
A graph that shows how marginal revenue varies as the quantity of output changes, typically downward sloping for firms in competitive markets.
Perfect Competitor
A market structure in which numerous small firms compete against each other with identical products, no single firm can influence the market price; all firms are price takers.
Marginal Revenue
Extra income gained by disposing of one additional unit of a good or service.
Marginal Cost
The expense associated with manufacturing an extra single unit of a product or service.
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