Examlex
The development of different cells is known as _________________.
Marginal Cost
The hike in overall costs when one extra unit of a product or service is produced.
Economic Profits
The difference between total revenue and total costs, including both explicit and implicit costs, representing surplus remaining after all costs have been paid.
Entry Barriers
Obstacles that prevent or hinder new competitors from easily entering an industry or area of business.
Total Profit
The financial gain obtained by subtracting total expenses from total revenue generated from sales or operations.
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