Examlex
The main external accountability mechanisms reviewed in the text are civil liability, citizen complaints, and __________.
Output
The total amount of goods or services produced by an individual, firm, or country over a specific period.
Marginal Revenue Curve
A graphical representation showing how the addition of one more unit sold affects the total revenue of a firm.
Demand Curve
A graphical representation of the relationship between the price of a good and the quantity demanded by consumers, typically downward sloping.
Perfectly Competitive Firm
A theoretical business entity in an idealized market structure where no single firm can influence the price of its product, due to the presence of numerous sellers offering perfectly substitutable products.
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