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In what sense is worker's compensation a form of strict liability?
Marginal Revenue
The additional income received from selling one more unit of a product or service.
Marginal Cost
The expenditure required to create another single unit of a good or service.
Output
The overall quantity of products or services generated by a business, sector, or the economic system.
Profit-Maximizing
A strategy or goal aimed at achieving the highest possible profit through adjusting production levels, prices, or other factors.
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