Examlex
Which of the following business practices, if proven to exist, is always illegal under U.S. antitrust law?
Marginal Cost
The cost of producing one additional unit of a good, capturing how production costs change with the level of output.
Efficiently Allocated
A state where resources are distributed in a manner that maximizes the net benefits to society.
Marginal Revenue
The surplus income generated by a company through the sale of one extra unit of a good or service.
Average Cost
The total cost of production divided by the number of goods produced, synonymous with average total cost, indicating the cost on a per unit basis.
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