Examlex
If the current price charged by a monopolist is $5 and marginal cost is $3, then increasing output will always lead to an increase in profit as P>MC.
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Issues or cases involving violations of laws that relate to conduct considered harmful or dangerous to society as a whole.
Diversity-of-Citizenship
A basis for federal court jurisdiction over a case involving parties from different states or countries.
Corporation
A legal entity recognized by law as separate from its owners, with its own rights, responsibilities, and liabilities.
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The specific U.S. state in which a company is legally registered to do business.
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