Examlex
________ is NOT a major factor that commonly prohibits effective resource allocation.
Marginal Cost
The augmentation in cumulative costs linked with generating an extra unit of a product or service.
Average Cost
The overall expense of manufacturing split by the quantity of units made.
Rate of Return
The increase or decrease in value of an investment throughout a determined period, shown as a percent of the investment’s initial cost.
Natural Monopolies
A market situation where a single supplier, due to unique resources, technology, or economies of scale, can provide a product or service at a lower cost than any potential competitor.
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