Examlex
A corporation can issue more shares than it is authorized in its charter if the board of directors approves of an increase in the number of authorized shares.
Scarce Factor Of Production
An input required for the production process that is in limited supply, potentially constraining output.
Monopoly
A market framework in which there is only one seller offering a distinctive product to the market.
Marginal Revenue
The extra revenue earned by selling an additional unit of a product or service.
Marginal Cost
The added financial burden incurred by manufacturing one more good or service unit.
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