Examlex
A ________ is a name, symbol, or design (or combination of these) that identifies the goods or services of one seller or group of sellers and distinguishes them from those of competitors.
Economies Of Scale
The cost advantage that arises with increased output of a product, as fixed costs are spread out over more units of production.
Total Demand
The entire quantity of a product or service that consumers in a market are willing and able to purchase at various prices.
Marginal Revenue
The additional revenue that a firm receives from selling one extra unit of a product or service.
Demand Schedule
A Demand Schedule is a tabular representation of the relationship between the price of a good or service and the quantity demanded by consumers, underlining the law of demand.
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