Examlex
Average variable cost will decrease if __________.
Zero Economic Profit
A situation where a firm's total revenues exactly equal its total costs, indicating no above-normal profit.
Economist
A professional or expert in economics, studying the production, distribution, and consumption of goods and services.
Rate of Return
The gain or loss on an investment over a specified period, expressed as a percentage of the investment’s cost.
Price-taker Market
A market situation where buyers and sellers accept the prevailing market price as they individually have no influence over it.
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