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Determine whether the line through each pair of points is perpendicular.
A(3, 9) , B(7, 4) and C(-4, -13) , D(1, -8)
Economic Profits
Profits calculated by subtracting both explicit and implicit costs from total revenues, indicating the total financial gain.
Accounting Profits
The net income for a company after all expenses, taxes, and costs have been subtracted from total revenue.
Economic Profits
The excess of total revenue over total cost, including both explicit and implicit costs, indicating the efficiency of resource utilization beyond breakeven.
Perfectly Competitive
A market structure characterized by many buyers and sellers, free entry and exit, and a homogenous product, leading to price taking behaviour.
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