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In the federal system,the ______________ is a body of 23 citizens empowered to operate with a quorum of 16 and requiring 12 votes who hears evidence to determine whether an official indictment should be handed down by the federal prosecutor.
Average Total Cost
The total cost divided by the number of goods produced, representing the per-unit cost of production.
Profit-Maximizing Monopoly
A market condition where a single seller dominates, aiming to achieve the highest possible profit by controlling prices and output.
Total Profit
The total income of a business after all expenses and costs have been deducted from its total revenue.
Optimum Efficiency
The state in which resources are allocated in the most efficient manner possible, maximizing outputs while minimizing wastes and costs.
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