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Regarding the ethics of participant observation,
Marginal Revenue
Extra profit generated from the sale of one more unit of a product or service.
Marginal Cost
The additional cost incurred to produce one additional unit of a good or service.
Average Variable Cost
The variable cost of production (costs that change with output level) divided by the quantity of output produced.
Product Differentiation
A marketing strategy where a company attempts to distinguish its product or services from the competition.
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