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Prices
The monetary values assigned to goods, services, and assets in an economy, influencing demand, supply, and consumption.
Normal Profit
The minimum level of profit needed for a company to remain competitive in the market, essentially covering its opportunity costs.
Variable Costs
Costs that change in proportion to the level of production or other activity of a business, such as materials and labor costs.
Fixed Costs
Expenses that remain constant regardless of the amount of goods produced or sold, including rent, salaries, and insurance costs.
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