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Cost Plus Pricing
A pricing strategy where the selling price is determined by adding a specific markup to a product's unit cost.
Monopolist
An entity that has exclusive control over the supply of a particular product or service, and thus the power to influence the market price.
Marginal Revenue
The supplementary income earned from the sale of one extra unit of a good or service.
Pink Flamingo
a brightly colored bird known for its long legs and neck, often associated with decorative lawn ornaments in popular culture.
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