Examlex
The set point theory suggests that:
Industry
An industry is a group of companies that operate in a specific sector of the economy, often producing similar goods or services.
Cartel
An agreement among several producers to obey output restrictions in order to increase their joint profits.
Marginal Cost
The cost incurred from producing one additional unit of a product or service.
Output
The amount of goods or services produced by a business, industry, or economy.
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