Examlex
The tax-sheltered program to encourage self-employed people to accumulate retirement funds is called a(n)
Number of Firms
Refers to the total count of business entities participating in a particular market or industry.
Long-Run Equilibrium
a state in which all factors of production can be adjusted, and all firms in the market are making zero economic profits, reflecting a situation of perfect competition.
Marginal Cost
The change in total cost that arises when the quantity produced is incremented by one unit; essentially, the cost of producing one more unit of a good.
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