Examlex
Select the correct name for the following compound.
Deadweight Loss
A reduction in economic efficiency that happens when the balance for a product or service cannot be reached or is impossible to achieve.
Profit-maximizing Monopoly Pricing
Profit-maximizing monopoly pricing is a strategy where a monopolist sets a price at the highest possible level that does not allow new entrants, maximizing its profit.
Marginal Revenue
The additional income that is generated by increasing product sales by one unit.
Marginal Cost
The cost incurred by producing one more unit of a good or service.
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