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With the total cost and total revenue curves, we measure economic profit by the ________ between the two curves.With the per-unit curves, we measure economic profit by a(n) _______.
Satisfy Customers
The business goal of meeting or exceeding the needs and expectations of customers, often leading to increased loyalty and repeat business.
Generate Profits
The process of creating a financial gain for a business, typically through revenue exceeding costs.
Social Media
Websites and applications designed for social networking, content sharing, and community engagement, allowing users to create and share content or participate in social networking.
Discounts
Reductions from the usual cost of goods or services offered to customers, typically to encourage purchases.
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