Examlex
List and describe two traits that are associated with leadership.Indicate what impact they have on leadership.
Monopolist
An individual or entity that has exclusive control over the production and selling of a particular good or service.
Deadweight Loss
The decrease in economic effectiveness due to the inability to achieve or the unachievable status of market equilibrium for a specific good or service.
Marginal Cost
An elevation in the cumulative expense resulting from manufacturing one more unit of a product or service.
Deadweight Loss
A decrease in economic efficiency resulting from the failure to reach equilibrium in the market for a good or service.
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