Examlex
Initiating a legal action involves influencing legislators to benefit some category of clients through lobbying.
Economic Profits
Profits exceeding the opportunity costs of a venture or investment, accounting for both explicit and implicit costs.
Normal Profits
The level of profit necessary to keep a firm in an industry, equating to the opportunity cost of capital and entrepreneurship.
Marginal Cost
The financial commitment needed for producing an extra unit of a good or service.
Marginal Revenue
The addition to total revenue resulting from the sale of one more unit of a product or service.
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