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Other things being equal, what would an increase in the labour force resulting from increased immigration tend to result in?
Economic Profits
Profits calculated by subtracting both explicit and implicit costs from total revenues, which is a more comprehensive measure of true profitability.
Total Costs
The complete costs involved in the production of goods or services, including both fixed and variable costs.
Output Sold
The quantity of a company's products or services that have been purchased by customers.
Market System
Investment, production, and distribution closely follow supply and demand directives in this economic system, which allows for the free fluctuation of goods and services prices within an unrestricted price system.
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