Fill in the correct labels for the following figure using the word bank below.
-D ___________
Definitions:
MR = MC
An economic principle stating that profit maximization occurs when marginal revenue equals marginal cost.
Profits
The financial gain obtained when the revenue generated from business activities exceeds the expenses, costs, and taxes needed to sustain those activities.
Economic Effects
The influence of various factors, including policies, market shifts, and external events, on the economy's performance, structure, and behavior.
Income Transfer
The reallocation of money from one group to another through mechanisms like taxes, subsidies, welfare payments, or other social assistance programs.
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