Examlex
How are boxes laid out in the normal flow for block-level elements?
Marginal Revenue
The increase in revenue that results from the sale of one additional unit of a product.
Output Unit
The quantity produced or service provided over a given period of time, often used to measure productivity.
Pure Monopolist
An exclusive provider of a particular good or service in the market, facing no competition.
MR = MC Rule
The principle that a firm will maximize its profit (or minimize its losses) by producing the output at which marginal revenue and marginal cost are equal, provided product price is equal to or greater than average variable cost.
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