Examlex
Which of the following is not an intent ground for annulment?
Economic Profits
The profit a company makes after accounting for both its explicit and implicit costs, including opportunity costs.
Pure Monopolies
Markets where a single seller dominates, offering a unique product with no close substitutes, controlling prices and output.
Purely Competitive
A market structure characterized by a large number of buyers and sellers, free entry and exit, and a standardized product, leading to companies becoming "price takers."
Marginal Revenue
The increase in revenue resulting from the sale of one additional unit of output.
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