Name One of the Only Two African Countries That Retained

question 172

Short Answer

Name one of the only two African countries that retained their independence during the period of European colonization.

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Definitions:

Economic Profit

The excess of total revenue over total costs, including both explicit and opportunity costs.

Price

The sum of money needed to buy a product or service.

Short-Run Supply Curve

A graphical representation showing the quantity of a good that producers are willing and able to sell at different prices over a short period.

Marginal Cost Curve

A graph showing the change in the cost of producing one more unit of a good as production levels change.