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Which international organization meets on a regular basis to establish rules for international commerce?
Plant Capacity
The maximum level of output that a company can sustain to produce in a given period under normal conditions.
Opportunity Cost
The cost of foregoing the next best alternative when making a decision, representing the benefits one misses out on when choosing one option over another.
Sunk Cost
A cost that has already been incurred and cannot be recovered.
Market Value
The current price at which an asset or service can be bought or sold.
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