Examlex
The small circular molecules of DNA in bacteria are known as ____.
Unit Price
The cost per unit of quantity of a product, allowing consumers to compare prices between different sized packages of the same item.
Competitive Firm
A business that operates in a market where it must compete against other firms for customers and resources.
Economic Profit
The difference between a firm's total revenues and its total costs, including both explicit and implicit costs, representing the additional gain above the next best alternative investment.
Marginal Revenue
The rise in income generated by selling an extra unit of a product or service.
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