Examlex
In business, it is not possible to distinguish between desirable and undesirable customers, therefore all customers are equally desirable.
Market Price
The existing rate at which an asset or service is available for buying or selling in the market.
Demand Curve
A visual diagram showing the correlation between an item's price and the amount of it that consumers want to buy.
Profit Maximized
Profit maximized refers to a scenario where a firm achieves the highest possible profit from its operations, where marginal costs equal marginal revenue.
Marginal Profit
Marginal profit refers to the additional profit a company gains from selling one more unit of a good or service.
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