Examlex
If a firm sells its output at a price greater than AVC, it will earn economic profit.
Popular Sovereignty
The principle that the authority of a state and its government are created and sustained by the consent of its people, through their elected representatives.
Republican Platform
The set of policies, values, and ideals endorsed and promoted by the Republican Party in the United States.
Upper South
A geographic term referring to the northernmost states of the Southern United States, characterized by a mix of industrial and agricultural economies.
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