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A bank may contractually shift to its customer the risk of forged checks created electronically or otherwise by the use non-manual signatures.
Purely Competitive Firm
A company operating in a market where there are many buyers and sellers offering homogeneous products, leading to the inability to influence market price.
Total Revenue
The total income received by a firm from the sale of its goods or services.
Marginal Revenue
Marginal revenue is the additional income generated from selling one more unit of a good or service.
Marginal Revenue
The rise in income achieved by selling an extra unit of a product.
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