Examlex
Full-employment equilibrium occurs when
Marginal Revenue
The added financial gain achieved by the sale of one extra unit of a product or service.
Monopolist
A single supplier in a market who has exclusive control over the supply of a particular good or service and can influence the market price.
Big Data
Large and complex data sets that conventional data processing software cannot handle efficiently, requiring advanced analytical methods to reveal patterns, trends, and associations.
Price Discrimination
It's a strategy where a single seller sets different prices for goods or services that are identical or almost identical, depending on the market.
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