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If government forced a firm to charge a price equal to marginal cost in a situation where there are scale economies,
General Ledger
The primary accounting record of a company that contains all the account balances needed to prepare financial statements.
Accounts Payable
Liabilities owed by a business to its suppliers or vendors for goods and services received but not yet paid for.
General Ledger
A comprehensive set of accounts that records all financial transactions of a business, organized by account.
Subsidiary Ledger
A subsidiary ledger is a detailed ledger that contains account-specific information, supporting and connected to the general ledger for a comprehensive accounting system.
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