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Which of the Following Was Created by a Group of Seasoned

question 16

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Which of the following was created by a group of seasoned humanitarian response professionals to improve the quality of humanitarian response and hold organizations and individuals accountable to affected populations, donors, and constituents?


Definitions:

Monopoly Price

The price set by a monopoly, typically higher than in competitive markets, due to the absence of competition.

Economic Profits

Profits exceeding the opportunity costs of all resources used, indicating a return above the normal competition level.

Marginal Revenue

The additional income earned by producing and selling one more unit of a product.

Marginal Costs

The additional cost incurred in producing one more unit of a good or service.

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