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These people share the need for control between the individual and the group.
Economic Profits
The total revenue of a firm minus its explicit and implicit costs.
Industry Exit
The process of firms leaving a market or ceasing production in a particular industry, often due to unfavourable market conditions, regulatory changes, or strategic re-alignments.
Markup
The amount added to the cost price of goods to cover overhead and profit; the difference between the cost of a product and its selling price.
Marginal Cost
Marginal cost is the change in the total cost that arises when the quantity produced changes by one unit.
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