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Under the Leninist state, the communist party called all the shots; they were led by a group of self-selected and self-perpetuating officials who sat atop a vast hierarchy labeled as __________.
Barbie Doll
A fashion doll manufactured by the American toy-company Mattel, Inc. and launched in March 1959.
Incremental Cost
The additional cost associated with producing one more unit of output, useful for decision-making on production levels.
Opportunity Cost
The evasion of possible gains from diverse options by firmly deciding on one.
Alternative Foregone
The next best choice available to someone who has made a decision, also known as the opportunity cost.
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